If you have federal student loans, you may be eligible to apply for the limited Public Service Loan Forgiveness (PSLF) waiver and/or one-time student loan debt relief under the Biden-Harris Administration’s Student Debt Relief Plan. 

The deadline to apply for the limited PSLF waiver is October 31, 2022. 

The deadline to apply for one-time student loan debt relief is December 31, 2023.

The Public Service Loan Forgiveness (PSLF) program forgives the remaining balance on your Direct Loan after you have made 120 qualifying monthly payments.

For a limited time, you can get credit for payments that did not qualify for PSLF in the past.

Apply for the PSLF waiver by October 31, 2022.

Please note: 

  • You may need to consolidate other loans by October 31, 2022 to qualify for the waiver, so act quickly.
  • You must work or worked previously for a qualifying employer who must certify your employment. Qualifying employers include:
    • U.S. federal, state, local, or tribal government (includes U.S. military service)
    • Not-for-profit organization 

Learn more about the PSLF Program.

Apply for the PSLF Waiver.

Use the PSLF Help Tool.

Free City Resources

NYC Financial Empowerment Center counselors can guide you on how to apply for the PSLF waiver if you need help. Visit the Financial Counseling page to schedule an appointment.

Get answers to frequently asked questions about PSLF.

The Administration’s plan includes targeted debt relief for many borrowers, additional relief for families with low to moderate incomes, and a final extension of the student loan repayment pause.

One-Time Student Loan Debt Relief

You may be eligible for debt cancellation on your U.S. Department of Education (ED)-owned federal student loans (including undergraduate loans, graduate loans, spousal loans, Parent PLUS and Grad PLUS loans) if your individual income is less than $125,000 or $250,000 for households.

If you received a federal Pell Grant in college and meet the income threshold, you may be able to get up to $20,000 in debt cancellation.

If you did not receive a federal Pell Grant in college and meet the income threshold, you may be able to get up to $10,000 in debt cancellation.

The application will be available online by early October 2022, though details continue to emerge.

The deadline to submit the application is December 31, 2023. However, U.S. ED recommends applying by November 15, 2022 to receive relief before the repayment pause ends. U.S. ED will process applications received after November 15, 2022 on a rolling basis.

Learn more about the student loan debt relief plan.

Subscribe to U.S. ED to get the latest updates.

NYC Financial Empowerment Center counselors can guide you on how to apply for one-time student loan debt relief once the application becomes available in October 2022. Visit the Financial Counseling page to schedule an appointment.

Final Extension of Repayment Pause

On March 20, 2020, the office of Federal Student Aid began providing the following temporary relief on U.S. Department of Education (ED)-owned federal student loans:

  • Suspension of loan payments,
  • Stopped collections on defaulted loans, and
  • 0% interest rate.

These COVID-19 emergency relief measures were extended on U.S. ED-owned federal student loans through December 31, 2022.

This temporary relief does not apply to private student loans.

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