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The Biden Administration recently released a three-part plan to assist borrowers transition back to regular repayment.  This is very new information and the details are not fully clarified but we wanted to share what we know so far in an effort to keep you informed.

First, Federally held loans will remain in repayment pause until the end of 2022.  Payments will begin in January 2023.

Second, alumni and certain current students may qualify for up to $20,000 of loan forgiveness of Federally held loans. To be eligible for this forgiveness you must:

  • Have an annual income below $125,000 for individuals or $250,000 for married couples or heads of household. 
  • Borrowed a Federally held loan, either for undergraduate and graduate work and were fully disbursed before June 30, 2022. 
  • Those who received Pell Grants in college and meet the income requirements will be eligible for up to $20,000 in debt cancellation. 
  • Those who did not receive Pell Grants in college and meet the income threshold  will be eligible for up to $10,000 in debt cancellation.

If you are uncertain of your loan balance or if you received a Pell Grant, please check your financial aid history at

Available now: The application is available for borrowers to apply for relief.  Please click here to access the application and submit your information. Additional information about the program can be access through the website or directly here.

In order to receive the most up to date information, please sign up for email alerts from the Department of Education at


The third section of the debt relief plan impacts future repayment options. Adjustments to the income driven repayment plan will lessen monthly payments, forgive balances earlier, and cover unpaid interest.  More information can be found at

The JCU Student Enrollment and Financial Services team remains available to assist you as best we can as these new policies become clearer and more information on the process becomes available.