https://atsconsulttax.com/wp-content/uploads/2022/10/ATS_BlogFeaturedImage03.jpg 321 845 ATS Consulting https://atsconsulttax.com/wp-content/uploads/2021/08/logo.svg ATS Consulting2022-10-26 06:37:072023-01-25 13:47:29Student Loan Relief for Borrowers Earning $125,000 or Less
On August 24th, 2022, President Joe Biden announced a sweeping plan to cancel up to $20,000 in federal student loan debt and an extension of the repayment freeze until the end of the year. Debt forgiveness applies only to those earning less than $125,000 a year ($250,000 for married couples). The $20,000 available only to those that received a Pell grant in college. Non-Pell borrowers who meet the income requirements qualify for $10,000 of forgiveness from federal loans.