student loans

How to Apply for One-time Federal Student Loan Debt Relief by Paco de Leon

Itโ€™s happening, yโ€™all! The Department of Education launched a beta test of student loan forgiveness applications at 5:45p PT on Friday Oct 14, 2022. During this beta period, federal student loan borrowers may submit applications for some debt relief.

The applications wonโ€™t be processed until the official site launch later this month. However, according to a Department spokesperson, folks that apply for forgiveness during the beta period wonโ€™t have to reapply once the site goes live (or so they say).

Of course, a beta period indicates that the site, the application, and the process are in testing. During this period, bugs will be discovered โ€“ itโ€™s the point of a beta test. So folks that apply now should manage their expectations.

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