Loan Forgiveness Update

On October 17, 2022, President Biden officially announced the launch of the application to provide
student loan debt relief for students and parent loan borrowers. Interested students and parents can
apply for the loan forgiveness program by visiting https://studentaid.gov/debt-relief/application. The
deadline to apply for loan forgiveness is no later than December 31, 2023

The debt cancellation will be up to $10,000 for borrowers with individual income of less than $125,000
or $250,000 for households. Students who received a Federal Pell Grant while attending college may
receive up to $20,000 in debt cancellation.

Students and parents can find more information concerning the details of the loan forgiveness program
at https://www.studentaid.gov/manage-loans/forgiveness-cancellation/debt-relief-info. We also encourage
students and parents to visit StudentAid.gov and login with their FSA ID to view their loan history and if
they have received a Federal Pell Grant in the past.