The wait is over!
Student loan forgiveness applications are now available through Federal Student Aid. Applications became available on Friday, October 14th during a beta launch. This means, you can fill out an application for student debt relief ahead of the program’s official launch.
According to the Department of Education, by submitting an application early, it will still be processed. You will not be required to reapply when the program officially opens. The plan was announced by President Joe Biden in August, and is expected to bring debt relief to millions of borrowers.
The student debt relief plan will forgive up to $10,000 in federal student debt for those who make less than $125,000 per year, or $250,000 for households, and up to $20,000 for those who received Pell Grants.