Post Date: September 24, 2022

What the program means for you, and what comes next

President Biden, Vice President Harris, and the U.S. Department of Education have announced a three-part plan to help working and middle-class federal student loan borrowers transition back to regular payment as pandemic-related support expires. This plan includes loan forgiveness of up to $20,000. Many borrowers and families may be asking themselves “what do I have to do to claim this relief?” This page is a resource to answer those questions and more. There will be more details announced in the coming weeks. To be notified when the process has officially opened, sign up at the Department of Education subscription page. You'll have until Dec. 31, 2023 to apply.

You can see the article at the website below for full details, which provides frequently asked questions and answers about The Biden Administration's Student Loan Debt Relief Plan.

The Biden-Harris Administration is working to quickly implement improvements to student loans. Check back to the Federal Student Aid article for updates on progress. If you'd like to be the first to know, sign up for email updates from the U.S. Department of Education.

Federal Student Aid – An Office of the U.S. Department of Education

Article: https://studentaid.gov/debt-relief-announcement/ 

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