Federal Student Debt Relief Plan & Final Forbearance extended through December 31, 2022

The Biden Administration has announced a final pause for interest and payment for all federal student loans until December 31, 2022. The administration has also announced that students are eligible for up to $10,000 in loan forgiveness (non Pell recipients) or $20,000 for Pell Grant recipients. In order to qualify for forgiveness, the borrow will need to be earning less than $125,000 or $250,000 for married couples or heads of households. The administration also announced changes to income-based repayment plans. To see full announcement please visit studentaid.gov