The White House announced on August 24th, 2022 broad loan cancellation plans of up to $20,000 for prior-Pell recipients and up to $10,000 for all other Federal loan borrowers that received loans prior to 7/1/2022.
You will not apply for this cancellation through Castleton. While students borrow loans for their educational costs through Castleton, the loan is owned and serviced by the U.S. Department of Education (ED). ED has not yet provided guidance about this initiative. Please visit here for the most up-to-date information. For information about your loan balance or if you were ever a Pell Grant recipient, please sign into studentaid.gov with your FSA ID to view your dashboard.
The Department of Education has indicated there will be an application process. If you would like to be notified by when the application is open, please sign up at the Department of Education subscription page.
DO NOT click or complete any application links unless it is a communication from Castleton, your loan servicer, or the U.S. Department of Education.
*Featured Image: Markus Spiske on Unsplash- Rusty metal iron weathered sticker “caution” !