(AGENPARL) – mar 30 agosto 2022 In August of 2022, the Department of Education announced a three-part plan including an extended student loan repayment pause.
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What Does the Student Debt Relief Plan Mean for You?
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In August of 2022, the Department of Education (ED) announced changes to help student loan borrowers transition back to regular payments. Know what the student debt relief plan includes and how it will impact you.
Extending the student loan repayment pause. ED extended the pause through December 31, 2022. You don’t need to take action as this pause is automatic.
Providing debt cancellation for some loan holders. Pell Grant recipients with ED loans will receive up to $20,000 in debt cancellation. Non-Pell Grant recipients will receive up to $10,000 in debt cancellation. You are eligible if your individual income is less than $125,000 or your household income is less than $250,000 a year.
Changing income-driven repayment (IDR) plans. Details include forgiving loan balances after 10 years of payments and covering unpaid monthly interest.
[More Loan Relief Details at StudentAid.gov](https://connect.usa.gov/e3t/Ctc/I1+113/c3nsC04/VX4Y5q4QJdlxW4XyhW-23W2C5W8DFYQL4Pj-mCN1FQ0tV5Vfh3V3Zsc37CgDJvM8HM7Fp_8YjW7Hqm1N3tGVsZV5PYrV5KVl0ZW839_gm5n94LMW8GmHtq541zbQW1nm9Rl8JlJhfW2xv2gz8bbjnmW8-gh2s6j0q9tW8yKLMB2HX0wsW2jTNp47023R9W281jh_47ZqG4VcGQhZ6MZg-gW3qQ2K0175R1hW7-v0zV5Lv2pVW5brxJ92spbkZW1bK7Mp1kr-GvVM4tPP1pPNDZW70WXxk1syKWbN2dG1Kvk57Q2Mjz0RVgbtGjW8wgYWw2ZKGZ2W2mCmB529dSSCW7N-ZTM2QycsgW309kvY1d5LYgVT9vhH91z41FW7CVYbh2C4jMGW5gLxCR3NsVbPW6Ymc8l5RhPY9W5Wc9896qFM78MtYycVPfyVfW719ksg8tQnKXVdHP_p8w0jH0W3flgQj2dwcrlW3bQjpV7XfGMxW227K5D80mF0hW46dgYQ5Rg1B9W8JMSJk91cZP5W7d2mpX5bvJ7YW3y4G1-6zpwRxW4Yw_jK8rH9BLW89Ts8b4Bd6j2W5tXllC1FKNlNN4XSpVGXl9hcW6GHRN916f5wDW2lNxyz2YnN8NW7v1Bbm37t6hb3q6N1)
There will be more information shared in the coming weeks from the Office of Federal Student Aid. [Sign up for notifications directly from ED](https://connect.usa.gov/e3t/Ctc/I1+113/c3nsC04/VX4Y5q4QJdlxW4XyhW-23W2C5W8DFYQL4Pj-mCN1FQ0sJ3q3npV1-WJV7CgWpfVLhFj42k-s3dW1qBS5m8pdxkxW4YbMx134cg2qW5R_XYp4q_bVPW2QhjBr6C33l3W5XTLjZ4NryHkW3zDk2X20VF0nW3PHjX-80cJTPW7TFNPz4QddLkW2Rv-8r3Vk-vTW8qPvK41W2vPkTC8XR7jZlpJW5-FtqZ1mFn1cW1FQxLc5pYcWcN6BX1X0cm8wKW9b45f15bfp-2W8Zk8mL5QnDQHW1wTBq54svGFbN6XVm4r-8J7QW38G_KF5WytMFW7SLKJD8fBM-7W972mJ-5qzgbt3lvs1) at Ed.gov.