Education Department launches beta version of student loan forgiveness application

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Education Department launches beta version of student loan forgiveness application
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A 'beta test' of the application for student loan relief went live on Friday evening, launching the Biden administration's sweeping program to cancel student debt for tens of millions of Americans.

A student works in the Rice University Library in Houston, Aug. 29, 2022.A "beta test" of the application for student loan relief went live on Friday evening, launching the Biden administration's sweeping program to cancel student debt for tens of millions of Americans.

MORE: Student loan forgiveness process will be 'easy,' White House says as it releases sample application The relief covers anyone who made less than $125,000 in the 2020 or 2021 tax year, or less than $250,000 as a couple. The administration has pointed out that it was a small minority of people compared to the potential reach this policy could have. As advocates have pointed out, though, the policy's success depends on how many people hear about it and how easy it is to apply.

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