UPDATE as of Nov 2022:
Due to lawsuits over Biden’s student debt relief efforts, you can’t currently apply. You can still click the link below and hit ‘Subscribe’ to follow the prompts and get an update from the guv’ment when you can apply later.
If you have student loans, you can now file for debt relief in just a few minutes with your personal information at https://studentaid.gov/debt-relief/application
The main requirement is that you have loans that qualify* (most people do) and have income under $125 K as a Single filer or $250 K as a Married Jointly filer. File today if you have student loans and cross your fingers!
But when it comes to which student loans qualify for relief, it gets a little tricky. All government-held federal student loans, including undergraduate, graduate, and Parent PLUS loans, are potentially eligible for relief. This would include Direct federal student loans, as well as FFELP loans that are in default or already administered by the Education Department. Private student loans and — following an abrupt policy change last week — most commercially-held FFELP loans do not currently qualify.
