Days before the student loan repayment pause was set to expire, President Joe Biden announced on Aug. 24, 2022 that he is canceling $10,000 in student loan debt for millions of borrowers and extending the pause on payments and interest accrual for federally-held student loans until Dec. 31, 2022. NASFAA has compiled the following resources for members and will continue to update this page as more guidance becomes available.
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NASFAA policy experts are available to discuss the implications of the Biden administration's loan cancellation plan. Media inquiries can be directed to NASFAA Director of Communications Allie Arcese.
Publication Date: 9/30/2022