Biden’s Student Loan Forgiveness Application Is Here — 5 Tips Before You Submit

The Biden administration has launched a beta version of its student loan forgiveness application, and borrowers can apply now. But there’s a few things you should know first.

Applications for federal student loan relief are live on the government’s student aid website — sort of. The government has launched a beta version of the student loan forgiveness application to get ready for its official launch later this month.

Where To Find the Student Loan Forgiveness Application

The Education Department has launched an online application for Biden’s new student loan forgiveness plan, which can provide up to $20,000 in loan forgiveness for federal student loans administered by the government.

The application is available here at via the website. Borrowers do not have to log in to the website using their FSA ID (their unique username and password. Simply fill out the online form, electronically sign it, and submit it.

The Application Process for Student Loan Forgiveness

Borrowers simply must provide their information (name, contact details, and personal identifying information like their Social Security number and date of birth). They must also certify, under penalties of perjury, that they earned less than $125,000 in income (or less than $250,000 if they are married) in either 2020 or 2021 to qualify for student loan forgiveness under Biden’s plan. You can learn more about the eligibility rules for the one-time student loan forgiveness initiative via the Education Department’s website.

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