Biden administration officially opens student loan forgiveness form

President Joe Biden announced on Monday that the application for people seeking student loan debt relief is officially available online.

The form, which Biden says takes less than five minutes to complete, requires individuals to submit their date of birth, Social Security number and contact information. No other document should be uploaded.

“It’s easy, simple and quick. And it’s a new day for millions of Americans across our country,” Biden said.

The application will be open until December 31. The White House said borrowers who want their balances adjusted before student loan repayments restart in January must submit their applications by Nov. 15.

The government has gently launched a beta version of the application late Friday before the official deployment, to allow the Ministry of Education to resolve any issues. During that period, 8 million people applied, more than a quarter of the total number of applicants the administration had expected.

Biden’s program, which he called a ‘game-changer’ for millions of Americans facing student loan debt, calls for $10,000 in Federal Student Debt Cancellation for those with incomes below $125,000 per year or households earning less than $250,000 per year. People who have received federal grants Pell Grants are eligible for relief of up to $20,000.

The White House has received more than 10,000 comments and thank you calls from borrowers, Biden said Monday. Thousands of people also shared the form on social media, saying they had submitted theirs without any problems.

Biden promised during his presidential campaign to continue the widespread cancellation of student loansand in August he officially announced his plan to tackle student debt.

“My commitment was that if elected president, I was going to make government work for the people,” Biden said Monday. “This deployment delivers on that commitment.”

Although many debt relief advocates celebrated the decision, it sparked intense debate as Republicans denounced it as an unfair handout for students.

“Their outrage is fake and hypocritical,” Biden said. “I will never apologize for helping American workers and middle-class people recover from the pandemic.”

Several legal challenges to politics could delay or derail its efforts.

“Our legal judgment is that it won’t, but they’re trying to shut it down,” Biden said Monday when asked if he feared litigation would hamper the program.




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