Student Loan Waiver Application: How to Apply Now

The program will not officially start until later this month. In the meantime, borrowers regularly have access to a beta version.

WASHINGTON — Beta testing for student loan forgiveness applications began Friday night, allowing borrowers to sign up ahead of the official launch later this month.

The beta version of the application, available at https://studentaid.gov/debt-relief/applicationwill allow borrowers to submit applications for the student loan relief program.

“We are accepting applications that will help us refine our processes ahead of the formal launch of the form. If you submit an application, it will be processed and you do not have to submit it again, ”said the Federal Agency in the application portal.

Those applying using the beta will receive a confirmation email, but the application will not be processed until the site officially launches later this month. according to CNN.

The beta is periodically paused and borrowers are unable to submit applications during this time. After an initial open phase on Friday evening, applications were closed on Saturday morning. Those who are unable to apply can try again at a later date or when the website officially launches.

Despite the beta version allowing users to apply, the federal agency has no advantage in applying before the official launch. The Washington Post reported.

“This testing phase will allow the ministry to monitor the performance of the site through real-world usage, test the site before the official launch of the application, refine processes and uncover potential bugs before the official launch,” an education ministry spokesman told CNN.

Earlier this week, the White House released a preview of the application form. The form asks for the borrower’s name, social security number, date of birth, and contact information.

Borrowers will also be asked to sign and agree to a form explaining that they are eligible for relief based on income requirements, with possible penalties including “fines, jail, or both” if the information is incorrect.

The Biden administration submitted its application first legal defense of the President’s student debt forgiveness plan in court last week

In an Oct. 7 filing, which came in response to GOP-led lawsuits aimed at stopping Biden’s student loan forgiveness plan, the White House said the Department of Education “would not pay any student loan debt under the debt forgiveness plan before Oct .October”. 23

Who is Eligible for Student Loan Forgiveness?

Biden’s plan, first announced in August, will forgive $10,000 in student loan debt for most borrowers who made less than $125,000 or less than $250,000 for married couples in 2020 or 2021. Students who received Pell Grants to go to college are eligible for up to $20,000 in debt relief.

https://www.kvue.com/article/news/nation-world/student-loan-forgiveness-application-beta-mode/507-42c2838e-d5ab-4bf7-90a0-250a0c4d452e Student Loan Waiver Application: How to Apply Now

Laura Coffey

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