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   Do borrowers receive automatic debt relief for loan forgiveness programs?

   • Many borrowers would receive automatic debt relief for loan forgiveness programs that they are eligible for but have not successfully applied for, such as the Saving on a Valuable Education (SAVE) Plan, Public Service Loan Forgiveness, or other forgiveness programs. Borrowers who first entered repayment many years ago.

   FACT SHEET: President - The White House

   www.whitehouse.gov/briefing-room/statements-releases/2024/04/08/fact-sheet-president-biden-announces-new-plans-that-would-provide-relief-to-borrowers-disproportionately-burdened-by-student-loan-debt/

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   How many borrowers are eligible for student debt relief?

   • The plans would bring the total number of borrowers eligible for student debt relief to over 30 million, including the 4 million borrowers who have already been approved for debt cancellation by the Biden-Harris Administration over the past three years. The public will have an opportunity to comment on these plans in the coming weeks.

   Biden-Harris Administration Announces New Plans to Deliver Debt Relief

   www.ed.gov/news/press-releases/biden-harris-administration-announces-new-plans-deliver-debt-relief-tens-millions-americans

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   Will a new debt relief plan automatically cancel a student loan?

   • While the Department has worked to make it easier to apply for relief, the proposed plans would automatically cancel debt for borrowers otherwise eligible for relief through the SAVE plan, closed school loan discharges, PSLF, or other forgiveness opportunities but who have not successfully applied for that assistance.

   Biden-Harris Administration Announces New Plans to Deliver Debt Relief

   www.ed.gov/news/press-releases/biden-harris-administration-announces-new-plans-deliver-debt-relief-tens-millions-americans

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   What are Biden's debt relief plans?

   • The plans announced by President Biden are the next step in a regulatory process that began last summer to provide debt relief to as many borrowers as possible as quickly as possible under the Higher Education Act. The proposals would permit the following types of waivers:

   Biden-Harris Administration Announces New Plans to Deliver Debt Relief

   www.ed.gov/news/press-releases/biden-harris-administration-announces-new-plans-deliver-debt-relief-tens-millions-americans

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2. www.whitehouse.gov › publicserviceloanforgivenessPublic Service Loan Forgiveness | The White House

   www.whitehouse.gov › publicserviceloanforgiveness

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   Oct 31, 2022 · Learn how to apply for forgiveness of your federal student debt if you work in public service for 10 years or more. Find out if you are eligible, how to consolidate your loans, and what benefits and drawbacks of consolidation may apply.

3. www.ed.gov › news › press-releasesBiden-Harris Administration Releases First Set of Draft Rules ...

   www.ed.gov › news › press-releases

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   Apr 16, 2024 · April 16, 2024. Contact: Press Office, (202) 401-1576, press@ed.gov. The Biden-Harris Administration today released its first set of draft rules that propose to provide student debt relief for tens of millions of borrowers across the country. These plans were announced last week by President Biden in Madison, Wisconsin.

4. home.treasury.gov › policy-issues › coronavirusEconomic Impact Payments | U.S. Department of the Treasury

   home.treasury.gov › policy-issues › coronavirus

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   Learn about the direct relief payments sent by the Treasury Department, the IRS, and the IRS to Americans during the COVID-19 crisis. Find out how to check your payment status, eligibility, and how to claim the Recovery Rebate Credit.

5. www.ed.gov › news › press-releasesBiden-Harris Administration Announces New Plans to Deliver ...

   www.ed.gov › news › press-releases

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   Apr 8, 2024 · The U.S. Department of Education (Department) is also releasing combined state-by-state totals for approved discharge across four existing major student loan forgiveness programs: Public Service Loan Forgiveness (PSLF), Income-Drive Repayment (IDR), Saving On A Valuable Education (SAVE), and Total and Permanent Disability (TPD).

6. www.ed.gov › news › press-releasesU.S. Department of Education Announces $42 Billion in ...

   www.ed.gov › news › press-releases

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   May 8, 2023 · To mark Public Service Recognition Week, the U.S. Department of Education (Department) today announced that, as of the beginning of May 2023, it has approved a total of $42 billion in Public Service Loan Forgiveness (PSLF) for more than 615,000 borrowers since October 2021.