policy analyst for the National Association of Student Financial Aid Administrators
current students and borrowers with federally owned undergraduate
graduate, and Parent PLUS loans that were delivered
on or before June 30, 2022, are eligible for the relief.
According to a White House announcement, households earning less than
$250,000 or single borrowers making less than $125,000 annually are both eligible
for a $10,000 debt forgiveness. Forgiveness will reach $20,000 for borrowers who
meet the income limits and obtained Pell Grants while in college.