U.S. Dept. of Education launches a website allowing federal student loan borrowers to begin submitting applications for debt relief.
by CNN, comes ahead of the formal application period for student debt relief, slated to begin later this month and run through Dec. 31, 2023, the website says. The Education Department previously said that applications would available in early October.
The Education Department will work to determine an applicant's eligibility, the site says, and once approved, it will notify borrowers that their applications were sent to loan servicers to process debt relief. Those loan servicers ultimately will inform borrowers that relief has been applied, in addition to providing any details about outstanding loan balances and monthly payment updates.
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