Oct 18, 2022
The federal government has opened up applications for one-time debt relief provided by the U.S. Department of Education (ED) as part of the Biden-Harris Administration student debt relief plan!
[UPDATE: Courts have issued orders blocking the student debt relief program. The Biden-Harris administration is seeking to overturn those orders, and we will update our network as time goes on. Thank you for your patience and passion.]
You may receive up to $20,000 in debt relief if you received a Federal Pell Grant in college and meet the income requirements; or up to $10,000 in debt relief if you didn’t receive a Federal Pell Grant in college and meet the income requirements.
This is a big milestone that was pushed through by grassroots efforts throughout the country. Student loan debt is a racial justice issue, and we commend President Biden and his administration for stepping up to relieve Americans. We know that women hold the majority of national student debt, shouldering a total of $929 billion in student loans. Black women carry around 20% more student debt than their white counterparts, with the pay gap compounding this immense burden. In lieu of full cancellation, this is much-needed help to bolster the economic strength of our country and that of our communities, which are still in the midst of terrible inflation and a long road to recovery from the COVID-19 pandemic.
More information: https://studentaid.gov/debt-relief/application