How to Cancel Your Student Debt

On August 24, 2022, the Biden-Harris Administration announced a historic decision to cancel up to $20,000 in student debt for as many as 43 million borrowers. This decision will significantly ease the burden of student debt on working and middle class families, including eliminating student debt entirely for nearly 45 percent of borrowers.

The Biden administration will provide up to $20,000 in debt cancellation to Pell Grant recipients with loans held by the Department of Education, and up to $10,000 in debt cancellation to non-Pell Grant recipients. Borrowers are eligible for this relief if their individual income is less than $125,000 ($250,000 for married couples).

Student Debt Cancellation

  • The application for cancellation is now live! Link to application 
  • What to expect?
    • Once a borrower completes the application, they can expect cancellation relief within 4-6 weeks.
  • Key actions to take?
    • Borrowers are advised to apply before November 15th in order to receive relief before the payment pause expires on December 31, 2022.
    • Borrowers should also make sure that they update their personal information with servicers before then.
  • Still have questions?

Beware of Scams 

You never have to pay for help with federal student aid. If you are contacted by a company saying they will help you get loan discharge, forgiveness, cancellation, or debt relief for a fee, this is a scam.  

Make sure you work only with the Department of Education and their loan servicers, and never reveal your personal information or account password to anyone. Emails to borrowers come from, and

You can report scam attempts to the Federal Trade Commission by calling 1-877-382-4357 or by visiting