Student Loan Refunds Are Real, But You Might Not Be Eligible

Since President Biden announced student loan debt relief, there has been a lot of talk about student loan refunds, which surprisingly have been around for a little while.

Money falling from the sky
(Image credit: Getty Images)

With all the talk about President Biden’s student loan forgiveness, you may be hearing about other ways to potentially maximize your student loan debt relief. One idea involves requesting a refund of student loan payments made during the pandemic pause. The Department of Education has said that some borrowers may receive "automatic" student loan refunds, while others will not. And it is also important to know that not everyone is eligible for a student loan refund.

So, here’s a little information about how student loan refunds work—which hopefully can help you determine whether requesting a refund is right for you.

Subscribe to Kiplinger’s Personal Finance

Be a smarter, better informed investor.

Save up to 74%

Sign up for Kiplinger’s Free E-Newsletters

Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.

Profit and prosper with the best of expert advice - straight to your e-mail.

Sign up

To continue reading this article
please register for free

This is different from signing in to your print subscription

Why am I seeing this? Find out more here

Kelley R. Taylor
Senior Tax Editor,

As the senior tax editor at, Kelley R. Taylor simplifies federal and state tax information, news, and developments to help empower readers. Kelley has over two decades of experience advising on and covering education, law, finance, and tax as a corporate attorney and business journalist.