On August 24, 2022, the Biden-Harris Administration and Federal Student Aid (FSA) announced loan forgiveness plans of up to $20,000 for prior Pell-Grant recipients and up to $10,000 for all other Federal Direct Loan borrowers. Since this announcement, there has been lower court orders that are preventing the Department from providing this debt relief. To alleviate certainty for borrowers, the U.S. Department of Education has announced an extension of the pause on student loan repayment, interest and collections. Payments will resume 60 days after the Department is permitted to implement the program or the litigation is resolved, but no later than June 30, 2023. If the program has not been implemented and the litigation has not been resolved by June 30, 2023, then payments will resume 60 days after June 30, 2023.
- You can view your Federal Loan balances and check your Pell Grant status by logging into your FSA account online at studentaid.gov.
- Your annual income must be below $125,000 (individuals) and $250,000 (married couples/heads of households) to be eligible for forgiveness.
- To complete the application, please visit StudentAid.gov.
- You may also be eligible for the Public Service Loan Forgiveness Program if employed by a U.S. federal, state, local, or tribal government or not-for-profit organization.
- We encourage you to subscribe to email updates from FSA at Subscriptions | U.S. Department of Education.
We are happy to assist Gonzaga alums and former students on issues around loan repayment. Don’t hesitate to contact us with your questions.