Courts have issued decisions which have halted the Biden administration's plan to cancel up to $20,000 in federal student debt for more than 40 million Americans. The Biden administration has appealed the decisions and is attempting to reinstate the program; however, in the meantime, the stay on student loan repayments has been extended until June 30, 2023, though you can continue to make payments on your loans if you wish. More than half of eligible borrowers had applied for the program before it was paused, and the Department of Education had approved some 16 million applications. For now, the application has been closed. If you've already applied, the Department will hold your application and process it if the court decisions are overturned. Subscribe to updates at studentaid.gov.