The Biden-Harris Administration and the U.S. Department of Education (ED) have announced loan forgiveness plans of up to $20,000 for prior Pell Grant recipients and up to $10,000 for all other loan borrowers. To be eligible, borrower’s annual income must be below $125,000 (individuals) and $250,000 (married couples/head of households). To make sure the U.S. Department of Education has your income data, it will launch a simple application in the coming weeks.
Borrowers can view their loan balances and check their Pell Grant status by logging into their Federal Student Aid account online at studentaid.gov.
If you would like to be notified by the U.S. Department of Education when the application is open, please sign up at the Department of Education subscription page.
For questions or to apply go to One-Time Student Loan Debt Relief (studentaid.gov).