Resource: Fact Sheet on Student Loan Relief

This fact sheet outlines the details of the recent announcement on student loan forgiveness and its implications for future borrowers. The Department of Education (ED) will provide up to $20,000 in debt cancellation to Pell Grant recipients with loans held by ED, and up to $10,000 in debt cancellation to non-Pell Grant recipients. Borrowers are eligible for this relief if their individual income is less than $125,000, or $250,000 for married couples. Learn more.