The Biden-Harris Administration's Student Debt Relief Plan Explained

 This is a link to a federal gov't about the latest effort by the "Biden-Harris" administration with regards to student loans. As you saw earlier you can have up to $20K of your student loans forgiven - $20K is if you have Federal Pell Grants, $10 for those who never held Pell Grants. This relief are for those borrowers who's income is less than $125K/year or couples who's income is less than $250K/year.

Anyway a lot more information to inform you of gov't action on this issue.

There has been a pause on Federal gov't student loans since 2020 which was the start of the pandemic scheduled to end in January 2023. So as far as whether or not you're eligible for this relief this is from the link to studentaid.gov:

What do I need to do in order to receive loan forgiveness?

• Nearly 8 million borrowers may be eligible to receive relief automatically because relevant income data is already available to the U.S. Department of Education.
• If the U.S. Department of Education doesn't have your income data - or if you don't know if the U.S. Department of Education has your income data, the Administration will launch a simple application in the coming weeks.
• The application will be available before the pause on federal student loan repayments ends on December 31st.
• If you would like to be notified by the U.S. Department of Education when the application is open, please sign up at the Department of Education subscription page.

Hopefully this will be needed relief if this affects you.