Qualifying student loan borrowers can now submit an application for loan forgiveness – up to $20,000 for Pell Grant recipients and $10,000 for federal loan holders – through the U.S. Department of Education website.
The U.S. Department of Education has rolled out a Beta version of its student loan forgiveness application site.
“The applications will be available on and off during this time,” the department said. “If you try and it’s not available, try again later or wait until the application is available to all borrowers.”Completing the application takes about 5 minutes and there is no log-in required. Users will not be asked to provide any documents. You can apply on your desktop, laptop, a mobile device or tablet and you will receive a confirmation email once you submit your information.
The formal site will be launched later this month and will be available to borrowers through Dec. 31, 2023. A paper application will be made available at a later date, according to the department.
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