Student Loan Debt Cancellation Web Center
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. Since that announcement, there have been multiple lawsuits aimed at stopping the debt relief program, two of which ended in court decisions which achieved that goal. The Biden administration has appealed both decisions and has now asked the Supreme Court to hear the case. In the meantime, the Department of Education has extended the repayment pause while the litigation plays out, announcing that the repayment pause will "resume 60 days after the Department is permitted to implement the program or the litigation is resolved ... If the program has not been implemented and the litigation has not been resolved by June 30, 2023 – payments will resume 60 days after that".
NASFAA has compiled the following resources for members and will continue to update this page as more guidance becomes available.
Today’s News Coverage
- *NEW* Senate Republicans Introduce Resolution to End Biden’s Student Debt Cancellation Plan
- House Subcommittee Hearing Takes Aim at Biden’s Student Loan Cancellation Plan
- Senate Republicans Want to Overturn Biden’s Student Debt Cancellation Plan
- Scott Reintroduces House Democrats’ Plan Seeking to Lower College Costs
- SoFi Sues to End Student Loan Payment Pause
- SCOTUS Hears Lengthy Oral Arguments on Biden’s Student Loan Cancellation Program
- Borrowers From Lower-Income Areas Applied for Biden’s Student Loan Debt Relief Program at a Higher Rate Than Those From Wealthier Neighborhoods, a New Analysis Found
- Rebuking Biden’s Debt Cancellation Program, Congressional Republicans File Amicus Briefs With SCOTUS
- Biden to End Pandemic’s Emergency Declaration on May 11. Here’s What It Means for Financial Aid
- Independent Audit Flags ‘Material Weakness’ in ED’s Most Recent Budget Estimates for Student Loan Cancellation
- FSA Annual Report Highlights Student Loan Repayment Pause and Cancellation, Calls for Reforms to Increase Equity
- Coalition Filed 13 Amicus Curiae Briefs With SCOTUS in Support of Biden’s Student Loan Cancellation
- New Congress Could Seek to End Biden’s Pandemic Flexibilities, With Impacts for Higher Ed
- Education Secretary Cardona Warns Against Complacency in FSA Conference Keynote
- ED Officials Share Regulatory, Programmatic Updates as Annual Training Conference Convenes
- White House Announces Another Extension of Student Loan Payment Pause as Cancellation Plans Face Legal Challenges
- Court Rulings Complicate Future of Student Loan Cancellation, End of Payment Pause and Return to Repayment
- Federal Judge Strikes Down Biden's Debt Cancellation Plan
- How the Midterms Could Shift Congress’ Higher Ed Leadership
- Blocked by Injunction, Biden Said He’s Ready to Approve 16 Million Student Loan Cancellation Applications
- ED’s Office of Inspector General Releases Alert on Student Loan Relief Scams
- Keep Track of Important Student Loan Dates With NASFAA Graphics
- Biden Says 22 Million Borrowers Have Applied for Debt Cancellation
- Biden Launches Official Application for Student Debt Cancellation
- Biden's Student Loan Cancellation Application Opens for Beta Testing
- Scott, DeLauro Outline Future of Higher Education After Biden’s Student Loan Debt Relief
- ED Publishes Notice Detailing Authority to Carry Out Student Debt Relief
- White House Provides Detailed Preview of Student Loan Debt Cancellation Application
- First Legal Challenge Falters as Conservatives Look for a Way to Halt Biden’s Debt Cancellation Plan
- Amid GOP Legal Challenges, ED Begins Email Outreach to Borrowers on Student Loan Cancellation
- Legal Challenges to Student Loan Debt Cancellation Begin to Take Shape
- CBO Estimates $400 Billion for Biden’s Student Loan Debt Cancellation Plans
- Some States Could Tax Biden’s Student Loan Debt Relief
- ED Details State-by-State Estimated Impact of Student Debt Cancellation
- House Clears Fix to Joint Consolidation Loan Program
- Lawmakers Press Servicers on How They’re Communicating With Borrowers After Student Debt Relief Announcement
- Top House Republicans Request Hearing Over Biden’s Student Loan Relief Plan
- Education Department Releases More Details About Biden’s Loan Debt Relief
- FTC Warns Borrowers of Scammers After Biden’s Loan Cancellation Announcement
- Updated: Biden Takes Executive Action on Student Loan Cancellation, Extends Repayment Pause
- NASFAA Statement on Student Loan Forgiveness, Extension of Payment Pause
- Some Borrowers Are Getting Their Pandemic Payments Refunded in Order to Maximize Loan Forgiveness
"Off The Cuff" Episodes
- OTC Inside the Beltway: Biden's Student Debt Relief Program Faces SCOTUS
- OTC From the Field: Making Sense of the Midterm Elections and What Comes Next for Higher Ed
- OTC AskRegs Experts: A Blizzard of New Regulations, FAFSA Simplification Guidance, and a Quick Debrief on Midterm Elections
- OTC Inside the Beltway: Updates to Biden’s Student Loan Forgiveness
- OTC AskRegs Experts: FAFSA Simplification and Debt Cancellation — ED’s Dueling Priorities
- OTC From the Field: Examining and Addressing Needed Reforms to the Student Loan System
- OTC Inside the Beltway: Legal Challenges Look to Create Roadblocks for Debt Cancellation
- OTC AskRegs Experts: Congress Tackle Student Loan Reform and Updates to Operation Fresh Start
- OTC Inside the Beltway: Sorting Through Biden’s Decision on Student Loan Debt Cancellation
Training & Regulatory Resources for NASFAA Members
- On-Demand Webinar: Fresh Start and Debt Cancellation: What You Need To Know
- AskRegs Biden Loan Forgiveness Questions & Answers
Not a NASFAA member? Join now to access these resources.
External Resources
- ACE dotEDU Podcast Featuring NASFAA's Justin Draeger: Breaking Down Biden's Student Loan Forgiveness Plan
- Federal Student Aid FAQs: One-Time Student Loan Debt Relief
- Federal Student Aid FAQs: The Biden-Harris Administration's Student Debt Relief Plan Explained
- ED Press Release: Biden-Harris Administration Announces Final Student Loan Pause Extension Through December 31 and Targeted Debt Cancellation to Smooth Transition to Repayment
- White House Fact Sheet: President Biden Announces Student Loan Relief for Borrowers Who Need It Most
- White House Video: Biden’s 8/24 Full Remarks: Announcing Decision on Student Loan Debt Cancellation
Media Inquiries
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: 3/28/2023
