A final federal loan payment pause has been announced through December 31, 2022!
The Biden administration has delivered on federal student loan debt relief. If your Adjusted Gross Income (AGI) was less than $125,000 as a single filer or $250,000 as a joint filer or head of household, you qualify for:
– $20,000 in federal loan cancellation if you ever received a Pell Grant.
– $10,000 in federal loan cancellation if you did not receive a Pell Grant.
Parent Plus and Graduate Plus Loans also qualify. If the U.S. Department of Education has your income information, cancellation will be automatic. Soon, they will provide a cancellation application for everyone else.
Please visit www.studentaid.gov to check your income information and other eligibility criteria.
