Student Loan Forgiveness Application Pdf

Biden-Harris Administration Announces Automatic Discharge of Student Loans

12 Million Borrowers Eligible for Immediate Relief

Application Open Until October 31, 2022

The Biden-Harris Administration today announced that it will automatically discharge federal student loans for 12 million borrowers. This move is part of the administration's broader plan to provide student loan relief to millions of Americans struggling with the high cost of higher education.

The automatic discharge will apply to borrowers who meet the following criteria:

*

Have received a Pell Grant at any time *

Have a loan balance of $12,500 or less *

Have defaulted on their loans

Borrowers who meet these criteria do not need to take any action to receive the discharge. Their loans will be automatically forgiven by the Department of Education.

In addition to the automatic discharge, the Biden-Harris Administration is also opening an application process for borrowers who do not meet the criteria for automatic discharge. Borrowers can apply for the discharge until October 31, 2022. To apply, borrowers must visit the Federal Student Aid website and provide their Social Security number and other personal information.

The application process will take into account borrowers' income and financial hardship. Borrowers who are approved for the discharge will have their loans forgiven in full.

The Biden-Harris Administration's student loan relief plan is a significant step towards addressing the growing student debt crisis. For millions of Americans, this plan will provide much-needed financial relief and allow them to pursue their dreams without the burden of student debt.