October 19, 2022 | Posted in:

Application is Open for Federal Student Loan Forgiveness


President Joe Biden’s federal student loan debt relief program has been temporarily blocked by a federal appeals court on Friday, October 21, 2022. You can still apply for forgiveness, but the program is currently on hold until a resolution is met. This pause has been extended “to no later” than June 30, 2023, according to President Biden.

Do you qualify for relief? Apply now.

The One-time Federal Student Loan Debt Relief application is now available, and you have until December 31, 2023 to apply. Apply before mid-November to qualify for relief before payments resume in January 2023.


Online Application


Federal student loan relief eligibility

You qualify if your adjusted gross income is less than $125,000 for an individual or $250,000 for a family on either your 2021 or 2020 tax return. You do not have to meet the criteria for both years. This amount can be found on line 11 of your Form 1040.

You could qualify for $20,000 in debt relief if you received a Federal Pell Grant or $10,000 if you did not.

Forgiveness only applies to loan balances that existed prior to June 30, 2022. Private loans (non-federal) are not eligible for this relief.

If you are a dependent, apply for the debt relief using your own income. Dependent students will receive instructions for themselves and their parents.

If you are a parent with a parent  PLUS loan, your application will be processed separately from your child’s application.

More Details


Next steps

You will receive an email if additional information is needed. You will be notified when your application has been approved and sent to your loan servicer for processing. If you still have a balance due, you will be notified about the new payment amount.

January 1, 2023

  • If your entire balance is not relieved, interest will begin accruing on the remining balance and regular payments will resume.

December 31, 2023

  • Final deadline to apply for student loan forgiveness.


Beware of Scams

The Department of Education warns that relief applicants could be fraudulently contacted by a company or companies promoting to help you obtain loan discharge, forgiveness, cancellation, or debt relief for a fee.

You never have to pay for help with your federal student aid. Make sure you work only with the U.S. Department of Education and our loan servicers, and never reveal your personal information or account password to anyone. Our emails to borrowers come from,, or You can report scam attempts to the Federal Trade Commission by calling 1-877-382-4357 or by visiting


Contact Us

If you have any questions or concerns, Alloy Silverstein’s accountants and advisors are here to help. Contact us at (856)667-4100.


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