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Under the plan, up to $10,000 in federal student debt relief may be offered to borrowers whose income in 2020 or 2021 was less than $125,000 (or $250,000 for households).
As of September 29, 2022, borrowers with federal student loans not held by the Education Department are not eligible for debt relief by consolidating those loans into federal direct loans.
As of September 29, 2022, borrowers with federal student loans not held by the Education Department are not eligible for debt relief by consolidating those loans into federal direct loans.
The Education Department recommends that you apply for student debt forgiveness before mid-November if you want it applied to your account before federal student loan payments resume in January 2023.
By applying now, borrowers who received Federal Pell Grants and meet the income requirements can receive up to $20,000 in debt relief from the U.S. Department of Education. Student Loan ...
President Joe Biden announced the much-anticipated administration's plan for loan forgiveness on Aug. 24. But while the plan was mostly widely lauded, details were scarce, until now. Inflation ...
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