Financial Planning Library

Federal Student Loan Debt Relief Application

Written by Barry Investment Advisors | Oct 21, 2022 1:07:55 PM

Earlier this week, President Biden released the application for federal student loan debt relief. While it is still not guaranteed that there will be forgiveness, we encourage you to apply. You may receive up to $20,000 in relief if you received a Federal Pell Grant and up to $10,000 if you did not. If your current loan balance is below the amount of relief you will receive and you made voluntary payments from March 13, 2020 through December 31, 2022, you will be refunded the amount you paid, up to the amount of your eligible debt relief. If you have federal student loans, please click on the link below to fill out the application. The deadline to apply is December 31, 2023.