September 2022
On August 24, 2022, President Biden announced a plan to cancel or forgive portions of federal student loan obligations for certain qualifying borrowers. The Department of Education (DOE) intends to cancel up to $20,000 in loans for those who had Pell Grants and up to $10,000 for non-Pell Grant loans. Borrowers who do not get their loans forgiven entirely should expect to resume payments in January 2023.
