President Biden, Vice President Harris, and the U.S. Department of Education announced a three-part plan to assist working and middle-class federal student loan borrowers.

This plan includes up to $20,000 in loan forgiveness. Many borrowers and families may be wondering, "What do I have to do to qualify for this relief?"

Due to the economic challenges posed by the pandemic, the Biden-Harris Administration has repeatedly extended the student loan repayment pause.

As a result, since President Biden took office, no one with a federally held loan has had to pay a single dollar in loan payments.

The U.S. Department of Education will provide up to $20,000 in debt relief to Pell Grant recipients with Department of Education loans and up to $10,000 to non-Pell Grant recipients.

Borrowers are eligible for this relief if their individual income is less than $125,000 or their household income is less than $250,000.

Borrowers who work for non-profits, the military, or federal, state, Tribal, or local government may qualify for Public Service Loan Forgiveness (PSLF).

This is as a result of time-limited changes made to the PSLF programme, which waive certain eligibility criteria for certain applicants.

These temporary modifications will be phased out on October 31, 2022. has more information on eligibility and requirements.

In the original version of the plan, these borrowers had until the 31st of December, 2023 to consolidate their debt and submit their application for forgiveness.

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Where things stand with Biden's student loan forgiveness plan

The Student Loan Forgiveness Application is now available online.