The application for President Joe Biden’s student loan forgiveness plan is expected to go live as soon as this week.  Announced in late August, the plan will deliver federal student loan forgiveness to millions of low- and middle-income borrowers.  Individuals who earn less than $125k or couples who earn less than $250k annually are eligible for $10k in forgiveness.  Anyone who took out Pell grants and qualify, will receive $20k in relief.  The application has not been released yet, but the Biden administration has said it will come out sometime in October.  The online application will be short, according to the Department of Education. Borrowers won’t need to upload any supporting documents or use their Federal Student Aid ID to submit the application. The department said an email to borrowers last week that once you submit your application, they’ll review it, determine your eligibility for debt relief and they work with your loan servicer(s) to process your relief. They’ll contact you if they need any additional information from you. Borrowers will have more than a year to apply, as the deadline will be December 2023.

Zach Tomesch, KFJB News Reporter