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Commonly Asked Questions about Student loan debt relief Application Forms

You may be eligible for income-driven repayment (IDR) loan forgiveness if youve have been in repayment for 20 or 25 years. An IDR plan bases your monthly payment on your income and family size.
Todays announcement brings the total loan forgiveness approved by the Biden-Harris Administration to $167 billion for 4.75 million Americans. Thanks to this Administrations efforts more than one out of every 10 federal student loan borrowers has now been approved for some debt relief.
Your student loan servicer(s) will notify you directly after your forgiveness is processed. Make sure to keep your contact information up to date on StudentAid.gov and with your servicer(s). If you havent yet qualified for forgiveness, youll be able to see your exact payment counts in the future.
After you Make 120 Qualifying Monthly Payments for PSLF After you make your 120th qualifying monthly payment for PSLF, youll need to submit the PSLF form to receive loan forgiveness. You must be working for a qualifying employer at the time you submit the PSLF form.