The application could be ready in early October and millions will be jockeying to get their loans relieved quickly.
to erase up to $20,000 in student loans will require millions of borrowers to fill out an application to receive approval, a step that will likely be available within several weeks.
"I'm confident that the Biden Administration is 100% on it, to deliver relief, but it's a very big system," Byrne noted."Everyone wants their relief right away."First, sign up for an alert from the Department of Education that will let you know when the application goes live. This can be done at . Check the first box, which is called"NEW!! Federal Student Loan Borrower Updates.
"There are a lot of people who don't even know because their parents might have been handling it, and they were 17 or 18 years old," she noted. and log into your Federal Student Aid account. On your dashboard, look for"My Aid" and then for the section for grants and loans, which will provide the data. The Biden administration's plan covers federally held loans, which means you should check that your loans qualify.
Check your AGI for both 2020 and 2021, because the Biden administration said it will consider either year.
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