Biden launches student loan forgiveness application
(CNN) — President Joe Biden on Monday announced the formal launch of the federal application for Americans seeking student loan forgiveness.
“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 said in a speech at the White House.
Individuals seeking to apply for student debt relief can now fill out the form at Studentaid.gov. A beta version of the website was launched on Friday and Biden said 8 million Americans used the website over the weekend to fill out their applications.
Biden in August announced his decision to cancel 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.
This is a breaking story and will be updated.