Apply for federal student loan debt relief

This one-time debt relief is provided by the U.S. Department of Education as part of the student debt relief plan.

How Much Debt Relief You Can Get?

• Up to $20,000 in debt relief if you received a Federal Pell Grant in college and meet the income requirements

• Up to $10,000 in debt relief if you didn’t receive a Federal Pell Grant in college and meet the income requirements

Who Qualifies?

• Individuals who made less than $125,000 in 2021 or 2020

• Families that made less than $250,000 in 2021 or 2020

The debt relief applies only to loan balances you had before June 30, 2022. Any new loans disbursed on or after July 1, 2022, aren’t eligible for debt relief. Other rules apply to consolidation loans.

One-time student loan debt relief won’t be taxed at the federal level although it may be taxed at the state level, so check with your state of residence for the latest information.

To apply visit studentaid.gov and make sure to apply no later than December 31, 2023.

*Please note there are multiple pending lawsuits challenging the student debt relief program so stay tuned.*