Significant new information regarding the Biden administration's proposal to offer widespread student loan forgiveness was disclosed last month.
A form for student loan forgiveness will be made accessible in the first few days of October.
The application can be accessed online and should be a pretty simple attestation of income.
Government representatives are urging applicants to submit their applications by November 15.
Borrowers will get a full year to submit their applications.
Borrowers will get a full year to submit their applications.
To make sure your contact information is current, the department advises logging into your studentaid.gov account.
It is possible to qualify for almost all federal student loans owned by the government, including parent PLUS loans, graduate loans, and undergraduate loans.
Loans from the FFEL program, Perkins loans, and even defaulted federal student loans are eligible.
Defaulted Department of Education loans will be eligible for first, followed by defaulted commercial FFEL Program loans, according to the department.