'It's easy, it's fast,' Biden said in a press conference announcing the launch, noting applications take less than 5 minutes and can be done on desktop or phone.
. Since its launch on Friday, more than 8 million borrowers have already applied for debt relief, with no reported glitches or crashes according to the White House.
"It's easy. It's fast," Biden said in a press conference announcing the launch, noting applications take less than 5 minutes and can be done on desktop or phone.Biden's plan is to cancel up to $10,000 in debt for those earning less than $125,000 per year and up to $20,000 for those who received Pell Grants.
The application asks for borrowers' name, date of birth and social security number, among other things. The form is available in both English and Spanish on desktop and mobile sites. It will be open through Dec. 31, 2023. Borrowers will not need what's known as an FSA ID to log into the application, nor will they need to upload any documents, including tax records.
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