On Tuesday, the White House released a preview of the application for the Biden administration’s student loan forgiveness program.
The application will be published in English and Spanish, is designed to be accessible for people with disabilities and is online via phone or computer. A Social Security number will be needed, as well as a confirmation of how much the borrower is making and a signature. If an individual is found to include false information they may be subject to fines and jail time.
Biden's plan is facing multiple legal challenges, though, and the program has yet to go live. The White House said Tuesday the application shouldWhat Arizonans need to know about student loan forgivenessIndividuals with an income of less than $125,000 or married couples with earnings of less than $250,000 can qualify for $10,000 in federal student loan debt relief.
Approximately 40 million people could benefit from Biden's initiative to eliminate $1.6 trillion in federal student loans.
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