Biden Announces Official Launch of Federal Student Loan Forgiveness Applications
On Monday, President Joe Biden announced the official launch of the federal student loan forgiveness application, CNN reported. Qualified borrowers can fill out a form in English or Spanish at studentaid.gov by providing their full name, Social Security number, date of birth, phone number and an email address. The deadline is Dec. 31, 2023.
“Today, I’m announcing millions of people working and middle-class folks can apply and get this relief. And it’s simple and it’s now. It’s easy,” Biden said at the White House, alongside Education Secretary Miguel Cardona. “This is a game changer for millions of Americans … and it took an incredible amount of effort to get this website done in such a short time.
Biden first announced the loan forgiveness plan on Aug. 24. The plan will forgive up to $10,000 in student loan debt for individuals making less than $125,000 a year or as much as $20,000 for eligible borrowers who were also Pell Grant recipients. It applies to borrowers with loans held by the Department of Education.
A beta version of the application website was launched on Friday evening, and Biden said that more than 8 million Americans used it over the weekend to fill out their applications. He gave credit to “a talented group of data scientists and engineers across the federal government” who “built and tested and launched this new application in just weeks.” In the few days of beta testing, Biden said, the website handled these applications "without a glitch or difficulty.”
“As millions of people fill out the application, we’re going to make sure the system continues to work as smoothly as possible so that we can deliver student loan relief for millions of Americans as quickly and as efficiently as possible,” he added.
Several lawsuits have been filed, challenging the student loan forgiveness policy. A U.S. district judge in one case could soon decide whether to temporarily block the program from taking effect after hearing a motion for a preliminary injunction that was held last week. A preliminary injunction could put student loan cancellation on hold until the judge issues a final ruling on the case.
Asked about this litigation, Biden said he thinks the administration’s plan will hold up in court. He added, “I will never apologize for helping working Americans and middle-class people as they recover from the pandemic.”