You can now apply for Biden's student loan relief plan. Here's how
RACHEL MARTIN, HOST:
Borrowers have been waiting weeks to apply for President Biden's student debt relief plan. The wait is now finally over. Yesterday, the Biden administration officially published its application website. Here's NPR's Sequoia Carrillo on what borrowers need to know.
SEQUOIA CARRILLO, BYLINE: President Biden shared the news on Monday. The student loan relief application is officially live.
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PRESIDENT JOE BIDEN: This is a game-changer for millions of Americans.
CARRILLO: A beta version of the application dropped on Friday evening and was open throughout the weekend. The White House says more than 8 million borrowers have successfully submitted their information without any reported glitches or crashes. The application is intended to be quick and easy.
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BIDEN: No forms to upload, no special login to remember. It's available in English and in Spanish, on desktop and mobile.
CARRILLO: The form asks for name, date of birth and Social Security number, among other things. The program is designed to give higher relief to lower-income borrowers - up to $20,000 for people who received a Pell Grant to go to college and up to $10,000 for other qualifying borrowers. The White House estimates over 40 million Americans will qualify for some level of debt cancellation. The application can be found online at studentaid.gov/debtrelief. And it will be open through the end of 2023.
Sequoia Carrillo, NPR News.
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