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For CW Students & Grads

Thursday, August 25, 2022
US Gov't Loan Forgiveness Information

Dear CW Students,

President Biden Student Loan Relief application is now available.
Click here for link.

For more information:
General Information - https://studentaid.gov/debt-relief-announcement/
More student/borrower focused FAQ’s - https://studentaid.gov/debt-relief-announcement/one-time-cancellation
Biden-Harris Student Debt Relief Update - Protect Yourself From Scams - https://content.govdelivery.com/accounts/USED/bulletins/330b698

President Biden capped the loan cancellation at $10,000 for single borrowers making less than $125,000, or households earning less than $250,000. The relief includes current students and borrowers who have federally-held undergraduate, graduate, and Parent PLUS loans that have been fully disbursed by June 30, 2022. Borrowers who fall under the income caps and who received Pell Grants in college will receive an extra $10,000 — totaling $20,000 in forgiveness. 

Please make certain that you pay close attention to this program.  Borrowers who want to be notified when the application is open should sign up for notifications at the ED subscription page. The Office of Federal Student Aid (FSA) released a webpage explaining the announcement with answers to frequently asked questions. 

Please feel free to contact us at 914-831-0487 and/or email us at LF@cw.edu.

Dianne Pepitone
Director of Student Financial Services