Loan Forgiveness

On August 24, 2022, the Biden-Harris administration announced the Student Debt Relief Plan, which includes one-time student loan debt relief for low- and middle-income families.

Many student loan borrowers are learning that you must apply to be forgiven. To do so, you must qualify in two ways: be a recent receiver of FAFSA or income-given repayment. Those that are eligible will receive some type of relief message through their loan provider or letter. If you received federal student loans after June 30, 2022, you do not qualify.

Earnings-based repayment plans have long existed in the US Department of Education, but the Biden-Harris administration is proposing a rule that would create a new income-based repayment plan that would slash future monthly payments for low- and middle-income borrowers.

Amaya Bennett, a graduating senior from Savannah State University is a Mass Communications major with a concentration in Digital and Multimedia said, “I did not know about the student relief plan. I did not know that I was eligible for relief. I am currently in $17,000 worth of student debt. I have not started paying back my student loans. I do believe the degree I will gain is worth the debt I have attained."

Under the relief plan, Bennett may be able to have the full $17,000 debt cleared.

According to the U.S. Department of Education, an application date has not been set. In early October 2022 the application should be released online and later in paper form. When the application is released, it is best to complete it as early as possible. To see any action, assume that your loan accounts will be processed within 4-6 weeks. On January 1, 2023, loan repayments will resume.

Due to the economic challenges caused by the pandemic, the Biden-Harris administration has extended the moratorium on student loan repayments several times. Since President Biden stepped foot in the Oval office, no one with a federal loan has had to pay a single dollar in loan payments.

Rashid Williams, who advises former Kipp students through a Kipp Through College (KTC) program, helps them find scholarships, grants, and other viable options to fund college than loans. He has three degrees and is also paying back student loans, but is not paying them currently due to them being deferred by the federal government because of the COVID-19 pandemic.

“The federal government deferral has helped me as we have had to deal with inflation and the rising cost of everyday needs. I have over $100k in student loans including loans from undergraduate and graduate studies,” Williams stated.

Under his job position he wants to see those who he advises succeed in every way they imagine. “I want to make sure that students have less student debt while getting as many degrees as you want to pursue," said Williams.

The degrees attached to his student loans are from: Florida State University - B.S. in Marketing & Real Estate (1997), Interdenominational Theological Center - Master of Divinity (M.Div.) (2008) and Teachers College at Columbia University- Master of Arts in Public School Leadership (M.A.) (2016).

Those who qualify have until December 31st, 2023, to apply to be forgiven. This is a ONE-TIME loan forgiveness. Your loan provider will notify you when the relief is applied to your account.

This information is changing continuously for up-to-date information on the One-Time Student Loan Debt Relief. To check your eligibility status visit

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