News...
The Biden Administration announced the Student Loan Debt Relief Plan in August 2022. The plan includes loan forgiveness for:
- Current students and borrowers with federally-held undergraduate, graduate, and Parent PLUS loans that have been fully disbursed by June 30, 2022.
- Relief of up to $20,000 for Pell Grant recipients and up to $10,000 for non-Pell Grant recipients.
- To be eligible for debt cancellation, annual income must be less than $125,000 (for individuals) or $250,000 (for married couples or heads of household); borrowers who were dependent students in the 2021-22 year will be eligible for relief based on parental income, rather than their own.
Borrowers can view their loan balances and check their Pell Grant Status by logging into their Federal Student Aid account online at studentaid.gov. (Don’t know your login and/or password? If you are unable to access your FAFSA (FSA) log-in or password, you can use the “Forgot My Username/Password” links provided on the Log In page. For further assistance with your account, please consult the FSA Help Center.) More Information - The Biden-Harris Administration’s Student Debt Relief Plan Explained - For details about the plan, including Frequently Asked Questions, visit the Federal Student Aid webpage.
Apply / Get Notified - The application process will officially open at a later date. Sign up at https://www.ed.gov/subscriptions to be notified when the application is available.
- The University is committed to assisting our borrowers by implementing relief measures that are available to Brown borrowers. For borrowers who request repayment relief due to COVID-19, a 3-month forbearance on loans to temporarily postpone repayment will be provided. For Federal Perkins Loans borrowers, we encourage you to consolidate your federal loans in order to take full advantage of other repayment relief options available to borrowers under the CARES Act. These measures are offered in addition to existing deferment options available through each loan program.
Quick Links
Before You Borrow
Leaving Brown
| Leaving Brown & Loan Exit Counseling - Graduating or Taking a Leave |
Repay Your Loans
Leaving Brown? All loan borrowers must complete online loan exit counseling.
Undergraduate students: Learn more about the Brown Promise
Living @ Brown: Financial Considerations
Repay Perkins or institutional loans: online at heartland.ecsi.net. Use our Cheat Sheet to register.
Refunds: If you have a student account credit balance, consider reducing your loans. Email [email protected]
1098E tax forms: Interest paid on Perkins & institutional loans will be reported on January loan billing statements.
The Wavemaker Fellowship program is designed to keep talented STEM and Design workers here in Rhode Island by helping to offset the burden of student loan debt. The program provides an annual refundable tax credit and professional networking.
We email important information to students' Brown email accounts.
OLD NEWS:
- As you may be aware, the U.S. Department of Education Office of Federal Student Aid released information about the CARES Act (the federal Coronavirus Aid, Relief, and Economic Security Act), which was signed into law in March 2020. The CARES Act provides relief to borrowers with federally held loans. It also allows Brown and other schools that hold Federal Perkins Loans to implement similar relief opportunities for federal student loan borrowers.