U.S. President Joe Biden speaks about student loan debt at the White House on Aug. 24, 2022 in Washington, DC.Following a successful beta test over the weekend, President Joe Biden announced on Monday the student debt forgiveness application is now live. You can visit theIndividuals who earned under $125,000, or households that made under $250,000, in 2021 or 2020
The application should take less than five minutes to complete and is available in English and Spanish. The basic form asks for the borrower's identifying and contact information. The Education Department will contact borrowers if it needs more information, and loan servicers will communicate when the relief has been processed.
During beta testing, the Education Department stated there was no advantage to applying before the full launch, and there's no reason to hold off on applying now. The order in which the department reviews applications is unclear. Still, if they take a first-come, first-served approach, "it is a benefit for borrowers to apply as quickly as possible so that they are in the queue for review," Dimino says.The application will remain open until December 31, 2023. That being said, there are still a number of legal challenges still awaiting judgment and the upcoming midterm elections that could potentially add more delays.
MakeIt It takes less than 5 minutes.
MakeIt I tried to fill it out but there is no section for getting a refund if I already paid my loan...
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