ALERT! The Supreme Court Blocks The Biden Administration Student Debt Cancellation program.
On June 30, 2023, the Supreme Court rejected the student loan relief program announced last August 2022. Even if a borrower received a confirmation or acceptance to a submitted application, the borrower’s student loans are NOT eligible for student loan cancellation under this program. Other federal and New York State forgiveness programs, such as Public Service Loan Forgiveness, remain in effect. Subscribe to the U.S. Department of Education (ED) email list for more updates.
Under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, federal student loan payments are automatically suspended, without interest or penalties, until no later than August 30, 2023. Read Important Information for Student Loan Holders: Automatic Payment Suspension and Other Relief During COVID-19.
There are other ways you may qualify for student loan relief: