The US Department of Education (ED) is offering up to $20,000 in debt relief for Federal Family Education Grants (FFED) recipients and up to $10,000 for non-Pell Grant applicants. These are available to borrowers with loans held by the agency. Individuals with incomes less than $125,000 are eligible for this program.
The application for this program will be available online by October. If you received a financial aid grant from the US Department of Education during college, then you're eligible for debt relief of up to $20,000.
If you didn't receive a financial aid grant from the government during college, then you're also eligible for debt relief of up to $10,000.
To make sure that your contact information is up to date, log in to your Student Aid account. You'll receive text and email updates about the program, as well as be able to sign up for notifications. If you have a username and password for Student Aid, we'll try to help you access it.