Student loan forgiveness website is live How to apply
Student loan forgiveness website is live: How to apply
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White House launches student loan relief beta website
A student walks to class at Rice University on Aug. 29 in Houston. Photo: Brandon Bell/Getty Images The Biden administration launched the official beta version of the Friday night, the first step in relieving millions of Americans of student debt. The big picture: Biden's student loan forgiveness plan has faced a number of as well as criticism from and some Democrats in .
How to apply for student loan forgiveness online
Details: The Biden administration's is , allowing student borrowers to apply for relief through an easy application process. "We're accepting applications to help us refine our processes ahead of the official form launch. If you submit an application, it will be processed, and you won't need to resubmit," Zoom in: Borrowers can apply without attaching any proof or documentation that they qualify for debt relief.The simple requests borrower information, such as name, Social Security number, email, phone number and more.Individuals who make less than $125,000 per year, and married couples who earn under $250,000, qualify for forgiveness.The could cancel up to $20,000 in student debt for and up to $10,000 for individual borrowers.Borrowers can expect relief in four to six weeks,
When to expect student loan debt relief
Dates to watch: Those interested in debt forgiveness have until the end of the year to make it happen. The application will be available from October 2022 through December 2023, the White House previously said.Nov. 15: Applicants should apply by this date in order to receive forgiveness before the student loan payment pause ends, according to Dec. 31 will be the final deadline to apply for student loan forgiveness as that is the same day when the payment pause stops.Jan. 1, 2023: Regular student loan payments will begin again. Go deeper...