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Federal Student Aid has announced loan forgiveness plans of up to $20,000 for prior Pell-Grant recipients and up to $10,000 for all other loan borrowers.

  • Your annual income must currently be below $125,000 for individuals, or $250,000 for married couples or head of households to be eligible.
  • If you are a dependent student, you will be eligible for relief based on parental income, rather than your own income.
  • Current and former students with loans are eligible for this debt relief.
  • If you are employed by a non-profit, the military, or federal, state, Tribal, or local government you may be eligible to have all of your student loans forgiven through the Public Service Loan Forgiveness (PSLF) program.


  • If you received a Pell Grant in college and meet the income threshold, you will be eligible for up to $20,000 in debt cancellation.
  • If you did not receive a Pell Grant in college and meet the income threshold, you will be eligible for up to $10,000 in debt cancellation.
  • Your relief is capped at the amount of your outstanding debt (example: If you’re eligible for $20,000 in debt relief, but have a balance of $15,000 remaining, you will only receive $15,000 in relief).
  • If your income data is already available to the U.S. Department of Education, you may be able to receive relief automatically.
  • If the U.S. Department of Education does not have your income data or if you aren’t sure, the Administration will set up an application process in the coming weeks.
  • To be notified when the application is available, sign up at the Department of Education subscription page.
  • Once the application is live, borrowers should call 833-932-3439.
  • Loan forgiveness applies only to federal student loans disbursed by June 30, 2022.
  • Private loans are not eligible.
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