How can you apply for Student Loan Relief Scheme, know the complete process
Biden announced student loan relief plan in August
- $20,000 for Pell Grant recipients
Can cancel loans up to $10,000 for individual borrowers.
Some eight million people whose information has already been acquired by the Department of Education will automatically be relieved
unless they choose to opt out.
- Documentation and your Federal Student Aid ID will not be required to apply.
Borrowers have to apply by November 15.
The last official day for submission of applications for relief is December 31, 2023.
The Department of Education will release a "simple application process" for federal student loan forgiveness.
Although specific details are yet to be announced,
Date for application may release anytime in October