UPDATE - 11/4/22:
According to an article by CNBC, Supreme Court again declines to block Biden’s student loan relief plan, "Justice Amy Coney Barrett denied an emergency application brought by the Pacific Legal Foundation to block federal student loan forgiveness... For now, student loan forgiveness remains on hold from a separate challenge brought by six GOP-led states after an appeals court judge in the 8th Circuit granted a stay...Close to 26 million Americans have already applied for student loan forgiveness."
UPDATE - 10/21/22:
According to this article by CNN, "A federal appeals court put a temporary, administrative hold on President Joe Biden’s student loan forgiveness program, barring the administration from canceling loans covered under the policy, while the court considers a challenge to it." The U.S Department of Education's application portal says that they will be reviewing applications during this pause so that they are ready to begin processing debt relief once the court cases are resolved.
On Monday, October 17th the U.S. Department of Education (DOE) opened the application for the Biden-Harris Administration Student Debt Relief Plan. The application will be open through December 31, 2023. According to the DOE, "The Student Debt Releif Plan is It’s a program that provides eligible borrowers with full or partial discharge of loans up to $20,000 to Federal Pell Grant recipients and up to $10,000 to non-Pell Grant recipients.
How to Apply for Federal Student Loan Debt Relief
Who is Eligible for Student Loan Debt Relief
Here are the facts according to the U.S. Department of Education:
Beware of Student Loan Debt Relief SCAMS!
Our team at Blue Fox is subscribed to receive updates about the Biden-Harris Student Loan Relief Plan and we will continue to share information as we get the facts.
Please read this message from the U.S Department of Education:
"Here's a list of Do's and Don'ts to protect yourself against scams as you prepare to apply for debt relief.
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