What You Want to Know about Student Loan Forgiveness 

Sep 6, 2022

As you may have heard, the Biden-Harris Administration and the Department of Education have recently announced a plan for student loan forgiveness. This plan is intended to provide debt relief to low and middle-income families, as well as to make student loans more manageable for current and future borrowers. 

There will be further information on this plan to be released, addressing concerns such as eligibility and how to apply for debt relief.

For now, here is what we know. 

Do I Qualify? 

  • Borrowers who have received the Pell Grant and have an income of below $125,000 for individuals or $250,000 for couples and heads of households may be eligible for up to $20,000 in loan forgiveness. 
  • Those who did not receive the Pell Grant and meet the income thresholds may be eligible for up to $10,000 in loan forgiveness.
  • **Borrowers who have made payments toward their loans since March 2020 and now, that would have been forgiven can also request a refund. You will need to contact your loan servicer for more details and to determine your eligibility for a refund.

Did I receive a Pell Grant? 

In order to determine if you have received the Pell Grant, you will need to log in with your FSA ID at studentaid.gov. On the dashboard, you will navigate to “My Aid,” which should display a chart with loans and grants. 

Click on “view details,” and you will be able to see what Pell Grant amounts you have been awarded.  In order to determine eligibility for student loan forgiveness, please refer to the student aid website. 

Will I be able to see my loans reduced? 

If you are eligible for this relief, you may see your loans reduced when logging into your loan servicer. However, we still don’t have a lot of information about the process. Some people may need to apply for the forgiveness, especially those whose loans are older than the past year. 

Can you tell me if I am eligible? 

No. Our financial aid office cannot determine student loan forgiveness eligibility. The Department of Education will soon provide an application for forgiveness. They will do so before the December 31, 2022 expiration of the Covid-19 Payment Pause. 

Scam Warning

During this time, it is important to be aware of the potential increase in student loan forgiveness scams. Please take the time to review How to Avoid Student Loan Forgiveness Scams for helpful tips on how to spot scams.

For further information, please refer to the announcement page on the student aid website. We recommend you also subscribe to email updates on the student debt relief plan from the Department of Education through the subscriptions page.

Give Courageously to Peace

Thanks to the generosity of William Peace University supporters, current and future WPU students have access to the resources needed to learn through immersive experiences, build upon their courage and develop the confidence needed to turn passion into purpose.
Roses float in the campus fountain after an alumni event.
a student uses a laptop on a green bench at William Peace University

Give Now

Support future Pacer success. 

 

Become a Corporate Partner

Find out how your organization can collaborate with Peace.

Visitors

Whether you’re hoping to attend WPU or hosting an event, you’re welcome to visit WPU! 

Wedding at WPU
Phantom in downtown Raleigh

Conferences and Events

Host your conference, event, or wedding at WPU.

Location and Directions

Get directions, our address, a campus map, and hotel discount information.

Counselors

Learn about WPU and all it has to offer so you can guide your students to the best fit for their next step. 

Admissions Info

Meet and connect with our Admissions team.

Schedule a Visit

Learn about our processes and schedule a visit.

Alumni

Our success as an institution has always been rooted in the strength of our community. As an integral part of that community, we invite alumni to stay informed and connected. 

Alumni outside at WPU
Roses float in the campus fountain after an alumni event.
Building at WPU

Get Involved

Stay connected to Peace.

Donate

Contribute to the success of future Pacers.

General Info

Read about alumni benefits.

Parents

Families are an integral part of a student’s path to WPU. Find answers to your questions here. 

Commencement
Two WPU students work together on a project during class

Student Success: Why Choose WPU?

Learn about the value of an education at WPU.

Billing and Due Dates

Questions about your student’s enrollment or billing? Start here.

Current Students

Already a Pacer? Here’s your quick path to information, links, and other useful stuff.

Group of students talking
Students high-fiving each other

Current Students

Missing something? Can’t find a link? Start here.

Current Parents and Families

Is your student a Pacer? Here’s where to get information and contacts.

Future Students

Welcome to William Peace University! We offer programs for both traditional undergraduate students and online/hybrid classes through our School of Professional Studies. Find your path to WPU here.

Three WPU students walk through a brick archway on campus.
Three students discuss their work during class.
Older gentleman at a computer

First Time in College

Your WPU education will help you build practical skills for your future.

Transfer Students

Transfer up to 90 credit hours from any institution. 

Working Professionals

Enhance your existing career.

A WPU student works on a video game in the new esports and gaming lab on campus.
Woman in army green typing at computer
Two female international students

Readmission

If you previously attended WPU and are ready to return, start here. 

Veteran/Military

Learn more about how to apply the GI bill.

International Students

Find out how to attend WPU.

About

WPU has a long history as one of the city’s oldest universities. Find out more about our institution in the heart of downtown Raleigh. 

2023 Student Showcase
Staff Pumpkin Painting

History

Through 160 years, William Peace University has evolved to meet the changing needs of the students we serve.

Leadership

William Peace University is a small, private institution located in downtown Raleigh, NC.

Work at WPU

Join our team and see why William Peace University was voted one of the Triangle’s Best Places to Work!

DEI Staff
Design Rendering of WPU

Contact Us

Contact the University

Diversity, Equity, and Inclusion

Learn about DEI at WPU.

Mission, Vision, and Values

Learn about WPU core tenets. 

Student Life

Whether you want to know more about on-campus events or see our residence halls, get a sense of what life is like as a student at WPU.

WPU Student on bouncy slide
A WPU student sits with his friends while eating at Belk dining hall.
WPU Safety Officer

Clubs, Activities and Events

Discover what’s fun at WPU.

Housing & Dining

When people say that WPU “feels like home,” we think that’s the ultimate compliment.

Safety & Security

The Office of Public Safety is committed to providing a community-friendly approach to enhancing campus safety for students, faculty and staff.

Dining room at Peace
A WPU student sits with his friends while eating at Belk dining hall.
Health and wellness at WPU

Athletics

Cheer on your Pacers at their next home game.

Student Support Services

Find out how the WPU team supports the whole you.

Health and Wellness

Learn about physical and mental health services available to students.

Academics

WPU offers a mix of more than 30 degree programs and additional minors. Our courses are four credit hours each, and every course features immersive learning experiences.

A student in WPU's online School of Professional Studies works on her homework.
2023 Internship Showcase

Immersive Learning

Find out about WPU’s unique approach to learning.

Center for Student Success

Peer tutoring, a first-year success program, and an internship program are just part of why Pacers succeed. 

Admissions

Start here to find out how to apply, visit, and learn more about WPU.

Before you apply:

Admissions team
students walking on campus
A student reviews scholarship and payment information in the financial aid office.

Connect with an Admission Couneslor

They’ll be your guide through the process.

Visit Campus

Get a feel for campus life.

Understand Costs

Find out about Financial aid and other options to pay for college.