Wright State University is encouraging all eligible students to apply for the federal government’s one-time student loan cancelation plan.
Eligible students can now submit an application online. Borrowers have until Dec. 31, 2023, to apply.
The simple application form is available in English and Spanish and is intended to work on desktop computers and mobile devices.
The Wright State Office of Financial is sending several emails to students with detailed information about the application process. Students with questions can also contact RaiderConnect at RaiderConnect@wright.edu or 937-775-4000.
Federal Pell Grant recipients can have up to $20,000 in student loans canceled, while non-Pell Grant recipients will have up to $10,000 in debt canceled.
Students are eligible if their annual federal income was below $125,000 (individual or married, filing separately) or $250,000 (married, filing jointly or head of household) in 2020 or 2021. For students who were considered dependent on the 2021-22 Free Application for Federal Student Aid (FAFSA), eligibility will be based on parent income.
Loans disbursed by June 30, 2022, are eligible for relief. The following types of federal student loans are eligible:
- William D. Ford Federal Direct Loan (Direct Loan) Program loans
- Federal Family Education Loan (FFEL) Program loans held by ED or in default at a guaranty agency
- Federal Perkins Loan Program loans held by ED
- Defaulted loans (includes ED-held or commercially serviced Subsidized Stafford, Unsubsidized Stafford, parent PLUS, and graduate PLUS; and Perkins loans held by ED)
This means that subsidized loans, unsubsidized loans, parent PLUS loans and graduate PLUS loans held by ED are eligible.
Students are encouraged to log into StudentAid.gov to review their Pell and federal loan history.
The U.S. Department of Education will determine students’ eligibility for the student loan cancelation program, starting with their 2021-22 FAFSA.
Loan servicers will contact borrowers when the debt relief has been applied to their loans. Students are encouraged to log into studentaid.gov to ensure their contact information, including their postal address, email address and mobile phone number, is up to date.
Wright State also encourages students to sign up to receive email and/ or text alerts about the loan cancelation program.
More information is available at studentaid.gov/manage-loans/forgiveness-cancellation/debt-relief-info.