NASFAA Statement on Student Loan Cancellation Application Beta Testing
Contact: Allie Arcese
Director of Communications
(202) 785-6954
[email protected]
WASHINGTON, D.C., OCTOBER 16, 2022 — On Friday evening, the application to receive President Joe Biden’s student loan cancellation opened for beta testing. Over the last several days, borrowers have been able to begin submitting their application ahead of the official launch, which is expected sometime later this month.
NASFAA President Justin Draeger issued the following statement:
“We encourage financial aid administrators to communicate with their current and past borrowers and encourage them to fill out the application as soon as possible, while also tempering any frustrations borrowers may feel if the form is unavailable at certain times.
We’ve already seen multiple confirmed submissions from borrowers who said they completed the application in just a few minutes. If any borrowers miss the beta window, the Department has confirmed that their intent is to process any and all borrowers who submit their applications when processing begins.”
About NASFAA
The National Association of Student Financial Aid Administrators (NASFAA) is a nonprofit membership organization that represents more than 32,000 financial aid professionals at approximately 3,000 colleges, universities, and career schools across the country. NASFAA member institutions serve nine out of every 10 undergraduates in the U.S. Based in Washington, DC, NASFAA is the only national association with a primary focus on student aid legislation, regulatory analysis, and training for financial aid administrators.
Publication Date: 10/16/2022
Related Content
NASFAA Reaches Out on Long Loan Servicer Call Center Wait Times
Today's News for September 14, 2023
Brief Examines Loan Forgiveness for Teachers and Social Workers With PSLF and SAVE Repayment Plan
Today's News for September 12, 2023
GOP Introduces Resolution to End New SAVE Student Loan Repayment Plan
Today's News for September 6, 2023
Today's News for August 31, 2023
Biden Administration Officially Launches Application for New Income-Driven Repayment Plan
Today's News for August 23, 2023
Report: Graduate Loans Could Soon Comprise the Majority of Federal Student Loan Portfolio
Today's News for August 17, 2023
Survey: A Majority of Americans Believe in the Value of Postsecondary Education
Today's News for August 10, 2023
New Lawsuit Challenges ED’s Student Loan Forgiveness After Fixes to Income-Driven Repayment Plans
Today's News for August 8, 2023
Today's News for July 31, 2023
Biden’s Debt Relief Plan Heads to Negotiated Rulemaking Public Hearing
Today's News for July 19, 2023
SCOTUS Blocks Biden’s Student Loan Debt Cancellation Program
Biden Outlines Next Steps for Student Debt Cancellation and Repayment Plans
Vulnerable Student Loan Borrowers at Risk of Missing Out on IDR Benefits
ED: Over 615,000 Borrowers Received Public Service Loan Forgiveness Since October 2021
Panel Highlights Landscape of Student Loan Default as Clock Runs Out on Repayment Pause
ED: Updated College Scorecard Will Help Students Find High-Value Postsecondary Programs
SCOTUS Rejects Application From Three Colleges to Halt Student Loan Debt Cancellation
Warren and Pressley Demand Answers From SoFi After It Sued to End Student Loan Payment Pause
Three Institutions Ask SCOTUS to Halt $6 Billion Student Loan Debt Settlement
Braun Reintroduces Bipartisan Bill to Eliminate Student Loan Origination Fees
SoFi Sues to End Student Loan Payment Pause
Coalition Filed 13 Amicus Curiae Briefs With SCOTUS in Support of Biden’s Student Loan Cancellation
Education Secretary Cardona Warns Against Complacency in FSA Conference Keynote
Judge Grants Final Approval to Borrower Defense Settlement
Biden Launches Official Application for Student Debt Cancellation
Biden's Student Loan Cancellation Application Opens for Beta Testing
White House Provides Detailed Preview of Student Loan Debt Cancellation Application
Off the Cuff - Episode 240 Transcript
CBO Estimates $400 Billion for Biden’s Student Loan Debt Cancellation Plans
Top House Republicans Request Hearing Over Biden’s Student Loan Relief Plan
Education Department Releases More Details About Biden’s Loan Debt Relief
FTC Warns Borrowers of Scammers After Biden’s Loan Cancellation Announcement
Personal Information of Over 2.5 Million Borrowers Exposed in Nelnet Data Breach
Advertisement