NextGen

White House Offers Preview of Student Loan Relief Application

On Oct. 11, the White House offered, via Twitter, a preview of the federal student debt relief application. President Joe Biden announced the loan forgiveness plan on Aug. 24. The recent White House tweet thread said that the student debt relief application will be short and simple, available in both English and Spanish, and on both mobile and desktop devices, and that no supporting documents or Federal Student AID (FSA) ID will be needed. It also said that the application period for student debt relief will open later this month and run through Dec, 31, 2023.

According to Fortune, borrowers will need to provide only the following information:

  • First and last name
  • Social Security Number
  • Date of birth
  • Phone number
  • Email address

They will also need to verify that they earned less than $125,000 (or $250,000 for married couples) in 2020 or 2021

The tweet thread said, "Your best source of information during this process will be @usedgov and @FAFSA. The U.S. Department of Education and Federal Student Aid will notify borrowers once the application is available. The application will be on a .gov website."

Fortune reported that the loan forgiveness application has been delayed as a result of several lawsuits filed by conservative groups and politicians challenging the program. At a court hearing scheduled for Oct. 12, the Biden administration will defend the program in Nebraska v. Biden, a case that was filed by six conservative state attorneys general. The loan forgiveness program might be further delayed, depending upon how the judge rules, although the Education Department and White House are still saying it will occur sometime in October. Such a delay could create a time crunch for forgiveness applicants. According to the Department of Education, borrowers will need to apply by mid-November to make sure that their application is processed before their payments are set to resume following the end of the COVID-19 payment pause in January.

The administration indicated, in a court filing in Nebraska v. Biden, that it will test the application form with members of the public before it is officially launched.