Eligibility Requirements
What Tax Filing status meets the following income requirements: $250,000
Married jointly, Head of House, Qualifying Widow
What do you need to fill out the application?
Just your social security number
How many borrowers may be eligible for to receive relief without applying?
Nearly 8 million
Where do you look in SLSS to see if a 3rd party is authorized to discuss a borrowers acct?
F17>F22
What Tax Filing status meets the following income requirements: $125,000.00
Did not file; Single; Married separately
How can a borrower Opt out of debt relief?
Contact their loan servicer
Where on student aid can you find if you received pell grant?
My Aid
If my loan balance was only $7000 on 3/13/2020 how much debt relief will I be granted?
$7000.00
What SLSS code if a loan in if in repayment?
P30
What makes me qualify for the $20,000 relief?
Pell Grant recipient
What is the last day to apply for Debt relief?
12/31/2023
Borrowers are advised to apply by ______________ in order to receive relief before the payment pause expires on December 31, 2022.
by mid-November
What Loans Qualify for debt relief?
What is the status code for the covid forb?
FVP
What loans do not qualify for Debt Relief?
Private and other student loans not held by DOE
Who applies the debt relief once the Borrower is approved?
Their loan servicer
If they are a dependent student, whose information is needed for the relief?
One or both parents
If you have a remaining balance on your defaulted loan(s) after relief is applied you can consider getting or staying out of default through _________________.
The Fresh Start Initiative
To qualify for inschool deferment a student must be enrolled at least what?
Half-time
What are the amounts you can receive up to in debt relief depending on income?
$10k or $20k
What was the last date a FFELP (CO) loan type could consolidate into the direct loan program to qualify for Debt relief?
9/29/2022
How often does interest accrue on Direct loans?
Daily
Which loan type does not accrue interest while student is in school at least ½ time?
Direct Subsidized Loan