Applications for federal student loan relief are live on the government’s student aid website — sort of.
and fill out an available application, you won’t have to reapply after the actual site goes live.
The program will cancel $10,000 in student loan debt for those making less than $125,000 or households with less than $250,000 in income. Pell Grant recipients, who typically demonstrate more financial need, will get an additional $10,000 in debt forgiven. Bharat Ramamurti, deputy director of the National Economic Council, gives details on the timeline for applying for student loan forgiveness during the Aug. 26 White House press briefing.studentaid.gov
Not everyone who is eligible for loan forgiveness under Biden’s plan will have to fill out an application.
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