Get up to twenty thousand dollars from the US Government in student relief for eligible borrowers.
If you have federal student debt just visit studentaid.gov. The website will be active until December 31, 2023.
However, it has been suggested the earlier you apply, the quicker the forgiveness will be applied to your student loan accounts.
The application is very simple. It only asks for the borrower’s name, social security number, date of birth, phone number an email. It only takes about 5 minutes to fill out and you don’t need to have any documents ready.
How Much Debt Relief You Can Get
The debt relief applies only to loan balances you had before June 30, 2022. Any new loans disbursed on or after July 1, 2022, aren’t eligible for debt relief. Other rules apply to consolidation loans.
If you are a parent with a Parent PLUS loan, you too can get up to twenty thousand dollars from the US Government.
Since the weekend over 8 million borrowers have applied for loan forgiveness.
After you apply you’ll receive an email confirmation as your applicate is reviewed. The US Department of Education will reach out to you if they need more information. And when your application is approved you will receive an email of confirmation, as will your loan servicer.
Your loan servicer will apply your relief directly to your account. It may take some time for your account to reflect this change.
95% of Americans with college loans qualify for loan forgiveness.
People who want to ensure they get debt relief prior to the resumption of student loan repayments in January should make sure to apply for before November 15.