Biden’s student loan forgiveness application is now live : NPR

[ad_1]

Photo illustration by NPR

FSA logo

Photo illustration by NPR

On Monday, President Biden announced the application for his student loan relief program is officially live.

The administration published a beta version of the application last week. Since its launch on Friday, more than 8 million borrowers have already applied for debt relief, with no reported glitches or crashes according to the White House.

“It’s easy. It’s fast,” Biden said in a press conference announcing the launch, noting applications take less than 5 minutes and can be done on desktop or phone.

“This is a game changer for millions of Americans to get moving.”

Biden’s plan is to cancel up to $10,000 in debt for those earning less than $125,000 per year and up to $20,000 for those who received Pell Grants.

The application asks for borrowers’ name, date of birth and social security number, among other things. The form is available in both English and Spanish on desktop and mobile sites. It will be open through Dec. 31, 2023.

The administration estimates more than 40 million people will be eligible for the relief program.

Deepa Shivaram contributed to this story.

[ad_2]

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *