- Families that made less than $250,000 in 2021 or 2020
One-time Federal Student Loan Debt Relief
What Is Federal Student Loan Debt Relief?
This one-time debt relief is provided by the U.S. Department of Education (ED) as part of the Biden-Harris Administration student debt relief plan. It’s a program that provides eligible borrowers with full or partial discharge of loans up to $20,000 to Federal Pell Grant recipients and up to $10,000 to non-Pell Grant recipients. Learn more about the program here.
- Individuals who made less than $125,000 in 2021 or 2020
How It Works
Apply today (but no later than Dec. 31, 2023). The Federal Student Aid office of the U.S. Department of Education will determine your eligibility and will contact you if they need more information. Your loan servicer will notify you when your relief has been processed.