Student loan forgiveness
Key dates and details
President Joe Biden's federal student loan forgiveness program
Within days, millions of Americans are expected to be able to take their first steps to cancel up to $20,000
$20,000 in debt under President Joe Biden's federal student loan forgiveness program
The Biden administration announced in August that single borrowers who earn under $125,000 can qualify for $10,000
Married qualify for that amount if their joint income is under $250,000 (as calculated by gross adjusted income from 2020 or 2021).
Here are the key dates and details, so far, for applying for student loan forgiveness
* October: Loan forgiveness applications open
* Nov. 15: The recommended deadline to apply
* Jan. 1: Student loan payments resume
* Dec. 31, 2023: The program application sunsets