One-time student loan debt relief

On Aug. 24, 2022, the Biden-Harris Administration announced the Student Debt Relief Plan intended to provide relief for low- and middle-income student loan borrowers.

Federal Pell Grant recipients will receive up to $20,000 in debt relief, and non-Pell Grant recipients will receive up to $10,000 in relief. Borrowers will be eligible for this one-time student loan debt relief if their individual income is less than $125,000 or if their household income is less than $250,000.

Visit StudentAid.gov to apply for federal student loan debt relief and get more information.


Source: https://studentaid.gov/manage-loans/forgiveness-cancellation/debt-relief-info

Horace Mann is an independent company not affiliated with the Department of Education or the federal government.



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