Applying for Student Loan Forgiveness 2022: Here’s How to Apply

Application for federal student loan forgiveness is officially open, President Joe Biden announced on Monday next to a beta test launched Friday.

About 8 million borrowers have already completed the debt forgiveness process by completing the beta application, Biden said. His administration launched it on Friday afternoon, with a note that the Department of Education was “accepting applications to help us refine our processes before the form is officially launched.”

If you’re one of the 8 million borrowers who filled out the application over the weekend, you don’t need to do anything else. Your information will be processed and, if necessary, officials will contact you for additional information.

If you haven’t applied yet, don’t worry, applying is simple, quick and the same as the overview provided by the White House last week. You do not need a Federal Student Aid ID or any other document to apply.

Here is a step-by-step process for completing the Federal Student Loan Forgiveness Application:

  1. First, go to www.studentaid.gov/debt-relief/application
  2. Fill in your first name, last name and, if applicable, a former last name
  3. Then you will need to enter your social security number
  4. Retype your social security number
  5. Enter your date of birth
  6. Enter your phone number
  7. Enter your email address
  8. Re-enter your email address
  9. Review the agreement (this acknowledges that you are the person completing the debt relief application form, that you qualifyand that you will provide additional information as needed.)
  10. Then you will need to re-enter your first and last name
  11. Next, check the box stating that “Under penalty of perjury under the laws of the United States of America that all information provided on this form is correct.” Penalties for providing false information are listed and include “fines, imprisonment or both”.
  12. Finally, press “submit”

Once your application is submitted, it will be reviewed to determine if you qualify for debt relief, and the education department will “work with your loan officer(s) to process your relief.”

The application, found hereis available in English and Spanish and on mobile and desktop devices.

It is estimated that between 1 million and 5 million people will need to provide this additional documentation, the Department of Education said in a recent submission to the White House Office of Management and Budget.

It’s unclear how long it will take for the Department of Education to process applications, but officials had previously estimated a four to six week turnaround. Applications submitted before mid-November must be processed by January 1, the date on which payments should resume. You will have up to end of 2023 to seek federal debt relief, pending legal challenges the Biden administration faces over the program.

Six Republican-led states are continue to block the planclaiming it oversteps Biden’s authority and will result in financial loss for student loan servicers, who are hired to manage federal student loans and generate interest revenue.

A federal judge in St. Louis weigh now the states request for an injunction to stop the plan. In court documents, the Department of Education pledged not to finalize any debt cancellations until October 23.

Biden has promised to sue on a large scale student debt pardon as a presidential candidate, but the issue has been the subject of more than a year of internal deliberations amid questions about its legality. His plan has sparked intense debate ahead of the midterm elections, with Republicans and some Democrats saying it’s an unfair handout for college graduates.

The Associated Press contributed to this report.

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