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White House Provides Detailed Preview of Student Loan Debt Cancellation Application

By Hugh T. Ferguson, NASFAA Senior Staff Reporter

The White House on Tuesday published a detailed preview of the application to receive student loan debt cancellation,  highlighting what the site will look like as well as all the information a borrower can expect to submit.

The highly anticipated application is expected to be launched some time in the month of October and would remain open through Dec. 31, 2023.

According to the walkthrough, the application will be available via desktop and mobile in both English and Spanish. Borrowers will need to provide their name, date of birth, Social Security number, email and phone number and also self-certify their income through a check-box feature in the application.

The administration also stressed that borrowers should be on the lookout for potential scams and that the site would be launched with a “.gov” address.

Once the form is made available and the borrower completes their application, Federal Student Aid (FSA) will process the claim, determine eligibility, and work with loan servicers to process the relief.

In order to stay up to date on the latest information, the administration urged borrowers to sign up for updates that will be provided by FSA through the Department of Education’s (ED) subscription page.

 

Publication Date: 10/11/2022


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