Student Loan Debt Relief

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Student Loan Debt Relief

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Student Loan Debt Relief

On August 23, 2022, President Biden announced a Student Debt Relief Plan that includes one-time student loan debt relief targeted to low and middle-income families. While the Student Aid Commission does not play a role in the Student Debt Relief Plan, we wanted to share where you can find more information.

At this time, legal challenges to the Student Debt Relief Plan have put a temporary hold on any administration actions to cancel debt while the case is being reviewed. Due to court orders blocking the Student Debt relief program, the Federal Student Aid Office is not accepting applications at this time. For more information on the Student Loan Debt Relief plan, click here: https://studentaid.gov/manage-loans/forgiveness-cancellation/debt-relief-info.

Additionally, the administration has extended the pause on student loan repayment. Payments will resume 60 days after the Department is permitted to implement the Student Debt Relief plan or 60 days after June 30, 2023 if the litigation has not been resolved. For more information on the student loan repayment pause, click here.

Should you have any questions, you may reach out to the contact center agents of the Federal Student Aid Office at 1-833-932-3439.

Public Service Loan Forgiveness

The Public Service Loan Forgiveness (PSLF) is different from the one-time student loan debt relief plan. This is a program for those who work in public service in federal, state, tribal, or local government, or for a non-profit organization. For more information on the PSLF program, click here. To apply with the help of the PLSF Help Tool, click here: https://studentaid.gov/pslf/.

Student Loan and Borrower Resources

If you have any questions about your student loans, repayment options, and your rights as a Student Borrower, the California Department of Financial Protection & Innovation is available to help: https://dfpi.ca.gov/backontrack/