The Student Loan Forgiveness Application is now available on the beta website. How to submit the form

By on October 15, 2022 0

On Friday night, the Department of Education rolled out a beta version of its app that you can use to apply for student loan debt forgiveness. The Short Form allows you to apply for up to $20,000 in debt relief under the White House plan to forgive federal student loan debt for eligible borrowers.

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The Department of Education said it was using the beta preview to help it “refine its processes” and would “provide periodic access to the form to help us prepare for our official launch.” The online application was periodically available from Friday evening to Saturday evening.

The department said that if you submit an application during beta testing, it will be processed and you won’t need to submit it again. Those who can automatically eligible for student debt cancellation are invited to apply.

October 23 is perhaps the earliest date the Department of Education can begin to write off student loan debt. The possible new date appears in a court document for a lawsuit filed by six Republican-led states to stop the student loan relief program. A court ruling could, however, put the brakes on student debt relief.

Here’s how to find out if you qualify for student loan forgiveness and how to apply for debt relief. To learn more, avoid student loan forgiveness scams by spot those red flagsand learn what states tax student loan forgiveness.

Read more: I requested a student loan repayment. Now my forgiveness is more complicated

Who is eligible for student loan debt forgiveness?

As part of President Joe Biden’s plan, the Department of Education forgive up to $10,000 in federal student loan debt for individual borrowers who earn less than $125,000 per year or less than $250,000 for married borrowers or those who are heads of households.

You may also be eligible for additional relief of $10,000 if you received Federal Pell Grants while attending college, totaling up to $20,000 in debt relief.

The White House assured borrowers that debt cancellation would come before Federal student loan repayments resume January 1, 2023.

How do I apply for student debt relief?

Most of the estimated 40 million borrowers seeking student loan relief will need to apply for forgiveness using the Department of Education’s online form. The ministry said that while the form is intended to test the application process, if you submit an application it will be processed and you will not need to resubmit it. The form takes about five minutes to complete, the department said, and will be periodically available until the department officially rolls out the app.

Note that if the Department of Education already has your income information, the Department may have enough information to automatically cancel your debt without asking. This group, which will automatically qualify, can number up to 8 million borrowers and mainly includes those who are registered with income-based repayment plans. The ministry recommends completing the form, anyway, if you think you belong to this group in case they do not have enough information to automatically cancel the debt.

If the department does not have your income on file, you must complete the application to provide the information the department needs to determine if you qualify for debt forgiveness.

You won’t need to upload supporting documents or use your FSA ID to submit your application, the Department for Education said. On October 11, the White House tweeted a app overview. (Here’s a PDF image of the form.) The app is now periodically available through desktop and mobile browsers in English and Spanish versions, the department said.

Once you submit your application, it will be reviewed to determine your eligibility for debt relief, and the department will work with your loan officers to process your relief. The department said they will send you an email after you submit the form, letting you know that they have received your application, and the department will contact you if they need additional information, such as proof of income.

What information do you need to apply for student loan relief?

The Ministry of Education’s Student Loan Debt Cancellation Application consists of two sections: The first, titled “Borrower Information”, contains fields that you will complete to provide the information the Ministry needs to determine your eligibility.

The application requires the following personal information from the borrowers:

  • Name (including a former family name, if applicable)
  • Social Security number
  • Date of Birth
  • Phone number
  • E-mail address

The second section, titled “Review and Submit Agreement,” is a sworn statement that you are eligible for debt relief. It asks borrowers to affirm that they are applying for loan forgiveness, that they are eligible based on income requirements and that, if asked, they will provide proof of income to the Department of Education by 31 March 2024.

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You may qualify for $10,000 to $20,000 in student loan debt forgiveness.

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How do I access the student debt cancellation request?

The Department of Education said its online form to apply for federal student debt relief is now available in beta form and will be periodically available as it prepares for “official launch.”

The beta version of the form went live on Friday evening and the form was frequently available on desktop or mobile browsers until Saturday evening. Anecdotally, we frequently checked both desktop and mobile versions of the form and found that sometimes the app was available on desktop but not mobile and sometimes the other way around, so check both to see if the beta version of the app is live. If the app isn’t available when you check out, the department says “We appreciate your interest in debt relief and invite you to come back soon.”

When is the deadline to apply for student debt relief?

Eligible borrowers have until December 31, 2023 to apply for forgiveness.

At a press briefing on Aug. 26, National Economic Council deputy director Bharat Ramamurti said that once borrowers complete their applications, “they can expect relief within four to six weeks”. It’s unclear, however, how delaying student debt forgiveness until the proposed Oct. 23 date will affect that timeline.

“Borrowers are advised to apply before around November 15, in order to receive relief before the payment break expires on December 31,” Ramamurti said.

To learn more about the Student Loan Plan, go to the Department of Education’s subscription page and sign up to receive “Federal Student Loan Borrower Updates”, the first box at check off a long list of education-related topics.

If you made student loan payments during the moratorium, you can now request a refund from your loan servicer. For anyone who isn’t eligible for student loan forgiveness — or who will still owe money after debt forgiveness — payments and interest are still suspended until January 2023.