Important Dates for Student Loan Forgiveness Application

Important Dates for Student Loan Forgiveness Application

Written by Reananda Hidayat Permono Completed Master Degree from Curtin University, Perth, Australia.

The Education Department has launched a beta version of Biden’s new student loan forgiveness application via the website.

The program can provide up to $20,000 in loan forgiveness for federal students managed by the U.S. government.

However, students don’t have to log in to the website.

They can simply fill out the online form, electronically sign and submit it.

Be careful of scammers, you can apply for student loan forgiveness application directly through this website without any third-party company.

Provide your information, including name, contact details, date of birth, and Social Security number.

Furthermore, you also need to confirm that you earned less than $125,000 in income in either 2020 or 2021.

You will receive an electronic student loan forgiveness application confirmation after submitting your records.

Borrowers don’t need to submit any supporting documentation, but the Education Department would verify your income information in the future.

After all, it’s still a beta launch of the student loan forgiveness application.

It means the U.S. government launches loan forgiveness application to test the process and make improvements for a better platform.

The U.S. government estimates around 43 million federal students are eligible for receiving student loan forgiveness applications.

But they still need to fill out the student debt relief application to get it.

Here are the important dates for the student loan forgiveness application: – 15 Nov 2022: recommended deadline to apply – 1 Jan 2023: student loan payments resume – 31 Dec 2023: application closes