President Biden and Vice President Harris are paying down American student loan debt! Find out if you are eligible for up to $20,000 in debt relief. The application for Federal Student Loan debt relief is now LIVE!
ED has launched the application for federal student loan debt relief: https://t.co/C9XNl7HNLs
Here are five things you should know before you fill it out 🧵⬇️ pic.twitter.com/cOAdWYFQKW
— U.S. Department of Education (@usedgov) October 17, 2022
For someone like me $20,000 will take care of my entire student loan balance. For others the Biden administration’s relief plan can significantly cut down the amount you’ll have to repay going forward.
To smooth the transition back to repayment and help borrowers at highest risk of delinquencies or default once payments resume, the U.S. Department of Education will provide up to $20,000 in debt relief to Pell Grant recipients with loans held by the Department of Education and up to $10,000 in debt relief to non-Pell Grant recipients. Borrowers are eligible for this relief if their individual income is less than $125,000 or $250,000 for households. Get details about one-time student loan debt relief.
Ready to apply now? Click here and fill out the application before Halloween!
The actual deadline is October 31, 2023, but why wait?
Pro Tip: Make sure all of your contact and tax information is up to date on StudentAid.gov prior to submitting your application.