About the Student Loan Forgiveness Plan

About the Student Loan Forgiveness Plan

What Is Debt Relief for Federal Student Loans?

This program offers qualifying borrowers a complete or partial discharge of loans up to $20,000 for those who receive Federal Pell Grants and up to $10,000 for those who do not.

Who is eligible?

People making less than $125,000 in 2020 or 2021

Those with annual incomes under $250,000 in 2021 or 2020

If you filed federal taxes, your income requirements are based on your adjusted gross income (AGI), which is typically less than your total income. Line 11 of IRS Form 1040 contains information about your AGI.

What It Who is eligible?

People making less than $125,000 in 2020 or 2021

Those with annual incomes under $250,000 in 2021 or 2020

If you filed federal taxes, your income requirements are based on your adjusted gross income (AGI), which is typically less than your total income. Line 11 of IRS Form 1040 contains information about your AGI.

Apply today (but no later than Dec. 31, 2023). When determining your eligibility, we'll get in touch with you if we want more details. Your loan servicer will let you know when your relief has been processed.

Biden claims that 22 million people registered for assistance.

With his student loan relief plan, President Joe Biden claimed he was keeping a commitment made during the campaign.

During a lecture at Delaware State University on Friday afternoon, Biden said, "My vow when I ran for President was that if I was elected, I would make the government operate and deliver for the people.

More than 40 million Americans, particularly those in the middle class and the working class, will benefit from the Student Debt Relief Plan. To qualify for relief, debtors must earn less than $75,000. According to Biden, "not a dime" will go to the top 1% of earnings, who make up nearly 90% of those who would receive assistance.

The GOP States will appeal the debt plan lawsuit

A federal appeals court will hear the case brought by six Republican-led states challenging President Joe Biden's student loan forgiveness program.

On Thursday evening, lawyers from Nebraska, Missouri, Arkansas, Iowa, Kansas, and South Carolina submitted an appeal notice to the Eighth U.S. Circuit Court of Appeals. This comes after a U.S. District Judge ruled that "the court lacks jurisdiction to hear this lawsuit" because the states failed to demonstrate standing.

The states will appeal the ruling, according to Nebraska Attorney General Doug Peterson, because they "continue to feel that they do have the standing to raise their significant legal objections."

The states also requested an injunction from the district court to stop the Biden administration from adopting the

Borrower Information

First Name

Middle Initial– optional

Last Name

Former Last Name– optional

Enter any other last name you may have provided to the U.S. Department of Education.

Social Security Number (SSN)

Confirm Social Security Number (SSN)

Date of Birth

Month

Day

Year

Phone Number

Email

Confirm Email

Review and Submit the Agreement

By signing this form, you agree with the following statements:

I request federal student loan debt relief of up to $20,000. If requested, I will provide proof of income to the U.S. Department of Education. I understand that if I fail to do so by March 31, 2024, or if my income does not qualify for federal student loan debt relief, the relief will not be processed.

I verify that I am the individual named above.

I affirm that ONE of the following is true for 2020 (Jan. 1–Dec. 31, 2020) or 2021 (Jan. 1–Dec. 31, 2021):

I made less than the required income to file federal taxes.

I filed as a single tax filer AND made less than $125,000.

I was married, filed my taxes separately, AND made less than $125,000.

I was married, filed my taxes jointly, AND made less than $250,000.

I filed as a head of household AND made less than $250,000.

I filed as a qualifying widow(er) AND made less than $250,000.

If you filed federal taxes, your income requirements are based on your adjusted gross income (AGI), which tends to be lower than your total income. Your AGI can be found on line 11 of the IRS Form 1040.

First Name

Middle Initial– optional

Last Name

That’s it. Looks like the government tried to make it as easy as possible to sign up. Good luck to anyone that needs the plan.