Loan Cancellation and Extended Loan Repayment Pause

Student Loan Debt Relief Plan

This is a summary of key elements of the Biden-Harris Administration's Student Debt Relief Plan.  Because it is an overview, it does not address every detail of each provision.  Details can be found at  Questions should be directed to your loan servicer. Please visit for the most up-to-date information.

What loans are considered for forgiveness?

All federally-held loans are considered for forgiveness. These are typically Direct Subsidized, Direct Unsubsidized, Direct Graduate PLUS, Direct Parent PLUS, and Direct Consolidated loans.

Any federally-held loan which was disbursed (applied to your billing account) prior to June 30, 2022, is considered for forgiveness. Any loans for the 2022-2023 academic year will not be considered for forgiveness.

How much may be forgiven?

All borrowers will be eligible for forgiveness consideration of up to $10,000.

If a student received a Federal Pell Grant while in school, they would be eligible for forgiveness consideration up to $20,000.

Forgiveness consideration is only eligible to individuals who earn less than $125,000 per year or couples/heads of households who earn less than $250,000 per year.

How do you know if you have received a Federal Pell Grant?

Any student aid recipient can check their loan borrowing and recipient of the Federal Pell Grant by logging into their account on the Federal Student Aid website using their FSA ID and password.