President Biden stated on Monday that the student loan relief program's application is now open to the public.
By: RB NEWS
Last Monday, the government released a beta version of the application.
The White House reports that since the program's Friday launch, more than 8 million people have successfully registered for debt relief.
At a press conference announcing the launch, Biden remarked, "It's easy. It's fast," stressing that the application process takes less than 5 minutes and can be completed on a desktop or smartphone.
Biden wants to waive up to $10,000 in loans for anyone making less than $125,000 annually and up to $20,000 for Pell grant recipients.
The borrower's name, birthdate, and Social Security number are among the information requested on the application.
Both English and Spanish versions of the form are accessible on desktop and mobile websites. The closing date is December 31, 2023.
The programme will not require borrowers to upload any papers, including tax records, or need them to use an FSA ID to log in.
More than four crore people are anticipated to be eligible for the relief programme, according to the administration.