On Wednesday, August 24th, 2022, a plan was announced through the federal government to provide targeted debt relief and continue the student loan repayment pause until Dec. 31, 2022. Many of the details will be released in the coming weeks. See below for answers regarding the loan forgiveness plan.

  • Up to $10,000 of student loans may be forgiven for non Pell grant recipients.
  • Up to $20,000 of student loans may be forgiven for Pell Grants recipients.

Will I qualify for forgiveness?

The Department of Education indicates that borrowers should qualify if they meet both criteria below. Please note parental income information may be required for students listed as dependent on the 2021-2022 Free Application for Federal Student Aid (further details are not yet known).

  • Borrowers with federal loans held by the Department of Education that were disbursed prior to June 30, 2022 AND
  • Borrowers with annual income below $125,000 (for individuals) or $250,000 (for married couples or heads of households).

What information do I need to apply?

Students that submitted the 2021-2022 Free Application for Federal Student Aid or already made income information available to the Department of Education may be automatically processed without an application. An application and information on what is required will be available in September.

Where can I go to learn more about forgiveness or the repayment pause?

You can learn more on the studentaid.gov website. Click the 'debt relief announcement' button below.


How can I be notified when further information is available?

Sign up to be alerted by selecting the option for “Federal Student Loan Borrower Updates” on the ED subscription page. Click the button below.


GET IN TOUCH WITH Financial Aid

Financial Aid Office
1700 SW College Ave.
Topeka, KS 66621

Phone & Email
Ph: 785-670-1151
Fax: 785-670-1079
financialaid@washburn.edu

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