PREPARE FOR REPAYMENT

October 2023: repayment begins.  For information about restarting payments after the COVID-19 payment pause go to https://studentaid.gov/manage-loans/repayment/prepare-payments-restart

 

 

BACKGROUND AND STATUS

June 30, 2023: The U.S. Supreme Court found the One-Time Student Loan Forgiveness Plan to be unconstitutional.

The Biden-Harris Administration has stated that it will explore other strategies to provide relief to federal student loan borrowers, such as a new repayment plan – the Saving on a Valuable Education (SAVE) Plan – to reduce monthly payment amounts.  As the new strategies are developed, they will be posted to https://studentaid.gov/manage-loans/forgiveness-cancellation/debt-relief-info.

 

August 24, 2022: The Biden-Harris Administration and the U.S. Department of Education (ED) 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).  

 Borrowers can view their loan balances and check their Pell Grant status by logging into their Federal Student Aid account online at studentaid.gov. 

Questions?  Go to One-Time Student Loan Debt Relief (studentaid.gov). 

Testimonials

It is awesome here at the FDLTCC Education Program because it is like a family here, if you need help or are struggling with anything, you have quite a few people who will help you out.

My favorite thing about FDLTCC is the people. I’ve met fantastic students, faculty and staff who go above and beyond what I expected.

I chose FDLTCC because of its size and the curriculum. When I first came here in 2019, I was just looking for what I needed to volunteer, perhaps in a crisis shelter. I met with Don Jarvinen, and the rest is history.