US Department of Education Student Loan Relief

The Biden Administration recently announced that the US Department of Education will forgive up to $20,000 to Pell Grant recipients and up to $10,000 for non-Pell Grant recipients on their Federal student loans. Borrowers are eligible for this student loan relief option if their individual income is less than $125,000 or $250,000 for households. The Administration also extended the Federal student loan repayment pause through December 31, 2022.

This loan forgiveness and payment pause does not apply to state alternative loans, only Federal student loans held by the US Department of Education.

Be aware that there is no fee for loan forgiveness. Avoid pursuing fraudulent offers to help get loan forgiveness that require fee payment and exercise caution clicking on malicious or unfamiliar links.

For more information visit:https://studentaid.gov/debt-relief-announcement/

Class of 2022 APS Eligibility Update:

The standardized test score (ACT, SAT, WorkKeys) requirement for Alaska Performance Scholarship (APS) eligibility is in effect for the Class of 2022. ACPE will continue to monitor test administrations cancellations in Alaska for the remainder of the school year and will communicate any changes to APS eligibility requirements as needed.

Do you have federal loans with ACPE?

On April 1, 2020, the Alaska Commission on Postsecondary Education (ACPE) will transfer the servicing of all ACPE's Federal Education Loan(s) to American Education Services (AES). For more information, please review these frequently asked questions acpe.alaska.gov/fedLoanFAQ.