How do you apply for student debt relief?

Credit : marca.com

Credit : marca.com

Most of the 40 million or so debtors who want student loan relief will have to submit an online application for forgiveness through the Education Department.

Credit : marca.com

Despite the fact that the form is only for testing the application procedure, the department stated that if you submit an application, it will be processed and you won't need to do so again.

Credit : marca.com

According to the department, filling out the form takes around five minutes, and it will be occasionally accessible until the department formally launches the application.

Credit : marca.com

The Department of Education may automatically dismiss your debt without your application if it already has information about your income on file.

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The number of debtors who will automatically qualify could reach 8 million, with the majority belonging to individuals who are enrolled in income-driven repayment plans.

Credit : marca.com

If you believe you fall into this category, the department advises filling out the form just in case it doesn't have enough information to immediately erase your debt.

Credit : marca.com

You must fill out the application to provide the information required by the department in order for it to evaluate whether you are eligible for debt cancellation if the department doesn't already have your income information on file.

Credit : marca.com

According to the Department of Education, you won't have to attach any supporting files or submit your application using your FSA ID.

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On October 11, the White House tweeted a sneak peek of the program. According to the government, the application is now intermittently accessible through desktop and mobile browsers in both English and Spanish languages.

Credit : marca.com

The department will work with your loan servicers to complete your relief after reviewing your application to see if you qualify for debt relief.

Credit : marca.com

After you submit the form, the department will send you an email to let you know it has received your application successfully.

Credit : marca.com

If more information, such as proof of income, is required, the department will get in touch with you.

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