City Treasurer Conyears-Ervin Offers Help to Borrowers Applying for President Biden’s Student Loan Forgiveness Program

Despite legal challenges, the U.S. Department of Education continues to implement President Biden’s Student Debt Loan program, which offers eligible borrowers up to $20,000 of forgiveness for federal student loans. To make the process as easy as possible, City Treasurer Melissa Conyears-Ervin is working to help borrowers receive relief before the pandemicrelated pause on student loan payments ends on Dec. 31, 2022.

Melissa Conyears-Ervin, City Treasurer, Office of the City Treasurer, City of Chicago


“Too many Chicago students and working families are being held back by their student loans,” said City Treasurer Conyears-Ervin. “And the impact is being felt across the local economy in ways that impact almost everybody. That’s why it’s so important to do everything we can to help people understand how they can find relief.”

The online application is simple and free. It can be filled out in English or Spanish in a few minutes. To complete the application:

• Visit, and then click “apply now”

• Type in some personal information; note that documentation about income or student loans is not required • Review the eligibility rules and confirm a match

• Click the appropriate box

• Allow 4 to 6 six weeks to process the application and receive notification

• The Department of Education says borrowers applying by mid-November can expect loan forgiveness before Jan 1, 2023

Individuals who earned less than $125,000 in 2020 or 2021, and married couples or heads of households who made less than $250,000 annually in those years and received a federal student loan are eligible for up to $10,000 in loan forgiveness. Borrowers who meet these same income requirements and attended college with Pell grants are eligible for up to $20,000 in forgiveness. For borrowers still in college or graduate school, and are a dependent student, loan forgiveness and relief will be based on their parents’ income, rather than their own. The debt relief applies only to balances prior to June 30, 2022. Any new loans disbursed on or after July 1, 2022, aren’t eligible.

Add 1/Student Loan Forgiveness

For a complete list of which loans are eligible for forgiveness and additional information about the student debt relief program, including how to avoid loan forgiveness scams, as well as resources and information about City Treasurer Conyears-Ervin’s “Buidling Wealth for Today and Tomorrow” programs, visit www.ChicagoCityTreasurer.

For additional information about President Biden’s Student Debt Loan program and other student debt relief programs, as well as available scholarship and financial aid programs, please visit

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