Federal Student Aid (FSA) is the largest provider of student financial aid in the nation. FSA provides more than $120 billion in federal grants, loans, and work-study funds each year to more than 13 million students paying college or career school. This page provides a selection of FSA resources for students and parents. This page will be updated periodically. Additional information and resources can be found on the FSA website (For Spanish speakers, click Español in the upper right-hand corner).
Biden-Harris Administration Student Loan Debt Relief
On August 24, to address the financial harms of the pandemic and help borrowers at high risk of delinquencies or default once payments resume, President Biden announced targeted student debt cancellation for borrowers with loans held by the Department of Education. Borrowers with annual income during the pandemic of under $125,000 (for individuals) or under $250,000 (for married couples or heads of households) who received a Pell Grant for college are eligible for up to $20,000 in cancellation. Borrowers who met those income standards but did not receive a Pell Grant are eligible for up to $10,000 in relief
Learn more about the student loan debt relief announcement:
- White House press release
- Department’s Twitter thread
- Background press call transcript
- Press briefing transcript
- Legal memoranda: Education and Justice
- White House fact sheet
- Secretary Cardona’s explanatory video
- President’s Twitter thread and outreach call video
More than 43 million people have federal student debt, with an average balance of $37,667. Nearly one-third of borrowers owe less than $10,000, and about half owe less than $20,000. According to estimates, the President’s plan would erase the federal student debt of roughly 20 million individuals. 65 percent of Latino borrowers are Pell Grant recipients and would be eligible for up to $20,000 in relief.
The Department will be launching a simple application, which will be available by early October. If borrowers would like to be notified when the application is open, they must sign up using the agency’s subscription page (in addition, subscribe to our listserv). Once a borrower completes the application, they can expect relief within 4-6 weeks. Everyone who is eligible is encouraged to file an application.
Beware of scammers who will try to take advantage of the loan cancellation announcement with offers requiring you to pay for access. This is important: Federal Student Aid will NEVER ask you to pay for help with your federal financial aid, student loans or application for debt relief or the PSLF. More info: studentaid.gov/resources/scams
Free Application for Federal Student Aid (FAFSA®)
The 2022–23 FAFSA® application cycle has started. It’s important that students and parents to fill out the FAFSA® form as soon as possible so they don’t miss out on financial aid. Filling out the FAFSA® form is the first step to getting financial aid. It is the application required by all schools in awarding federal student aid to those who qualify.
The FAFSA® form helps you get access to get:
- Federal grants
- Federal student loans
- Federal work-study
- State loans
- State grants and scholarships
- Grants and scholarships from other organizations
To make it easier, there are two ways designed to help you complete your FAFSA® form:
- Download the myStudentAid app (available on iOS and Android) and conveniently fill it out on a mobile device
- Or visit fafsa.gov to complete the FAFSA® form on your mobile device or laptop. For Spanish speakers, click Español in the upper right-hand corner.
State and School FAFSA® Deadlines
State and School FAFSA® deadlines vary. Click here to determine your state’s and school’s FAFSA® deadline.
Fill out the FAFSA® form today!
Check here for the latest announcements on federal student aid programs.
Public Service Loan Forgiveness Waiver – Deadline is October 31, 2022
Over 175,000 borrowers are already living free of student loan debt thanks to the $10 billion in student loans already cancelled via the PSLF waiver program that President Joe Biden, Education Secretary Miguel Cardona and our U.S. Department of Education coworkers are implementing. Under normal rules, the PSLF program forgives the balance of your Direct Loans once you make 120 qualifying payments while working in a public sector job. The time-limited PSLF program rule changes are making it easier for federal student loan borrowers working in public service careers to receive credit for past periods of repayment that normally don’t qualify.
Here are some actions you can take:
- Sign up here to participate in the upcoming PSLF Days of Action:
- September 7th for health care professionals and first responders
- September 14th for non-profits
- Learn more and start your PSLF application: https://studentaid.gov/pslf
- Share the PSLF waiver resources with your network, especially those working in public service jobs:
College Scorecard is available online and through the myStudentAid app.
Students can find information that is more customized to them including information about how much money they might earn based on what they choose to study. Students can even compare up to 10 schools at a time. In addition, students can now find customized, accessible, and relevant data on potential debt and earnings based on fields of study (including for 2-year programs, 4-year degrees, certificate programs, and some graduate programs), graduation rates, and even apprenticeships.
Federal Student Aid Videos on the Federal Aid Process
Overview of the Financial Aid Process:
Types of Federal Student Aid:
How to Fill Out the FAFSA:
After the FAFSA: What Happens Next:
More Federal Student Aid videos can be found on their YouTube channel.
Federal Student Aid Website Resources:
Federal Student Aid Printed Materials
FSA no longer prints or delivers FSA publications.
FSA’s current offering of publications and resources will continue to be available electronically.
- You can visit the Financial Aid Toolkit’s resource page for tools and resources (including electronic versions of publications) that you can use in your financial aid awareness outreach to students and parents.
- Please direct students and parents to StudentAid.gov/resources so they can view electronic versions of publications, fact sheets, online tools, and other resources to help them prepare and pay for college or career school. StudentAid.gov is FSA’s informational website for students, parents, and borrowers.
Printed copies of the Free Application for Federal Student Aid (FAFSA®) form will continue to be made available. Students and parents who do not have access to the internet can request a printed-out copy of the FAFSA PDF (in English, Spanish, or Braille) by calling 1-800-4-FED-AID (1-800-433-3243) or 334-523-2691 (TTY for the deaf or hard of hearing 1-800-730-8913). FSA will no longer provide bulk shipments of FAFSA forms to institutional customers (e.g., high schools and postsecondary schools).