Link to application form is here. It only takes a couple of minutes to fill in and submit.
The internet has been buzzing with discussions about the Biden-Harris Student Loan Debt Relief Initiative. Some praise the effort to relieve students plagued by student loan debt with some form of relief ($10,000 to $20,000) while others feel the measure doesn’t go far enough. Some believe the government needs to tackle the obscene amount of interest on the loans while others think they should be completely forgiven due to a number of factors. Whatever the case and where you stand on the issue, the form to get your student debt relief is out and available and only takes a few minutes to submit.
The link to the Biden-Harris Student Loan Debt Relief can be found here.
According to the announcement, here are answers to frequently asked questions.
- Most borrowers who apply can expect relief within six weeks.
- We (Federal Student Loan Staff) encourage everyone who is eligible to file the application, but there are 8 million people for whom we have data and who will get the relief without applying unless they choose to opt out.
- Borrowers are advised to apply by mid-November in order to receive relief before the payment pause expires on December 31, 2022.
- The Department of Education will continue to process applications as they are received, even after the pause expires on December 31, 2022.
For more information, visit www.studentaid.gov.