November 24, 2022
  • November 24, 2022
  • Home
  • Loans offer
  • Process for student loan forgiveness program begins next month

Process for student loan forgiveness program begins next month

By on September 30, 2022 0

NORTH TEXAS (CBSDFW.COM) – If you’re wondering about the next steps to apply for student loan debt forgiveness, the White House provides answers.

Those hoping for that pardon say a new email from the US Department of Education provides clarification. They can start this process next month.

Erin Landry has student loan debt but still says she doesn’t necessarily agree with President Joe Biden’s decision on the pardon.

“It hurts the innocent people who didn’t go to school and didn’t have those student loans or maybe someone already paid off their debt,” she said.

However, since Biden is offering to forgive up to $10,000 in student loan debt for those earning less than $125,000 a year and up to $20,000 for eligible Pell Grant recipients, she says that she might as well benefit from it.

“If everyone is going to have their loans canceled, why not get mine? ” she says. “I need a house for my family and I would like to put that money into a house.”

She said that so far navigating this process has not been easy.

“You read nonsense and it’s just back and forth, you don’t even know what’s going on, so it’s just a very confusing process,” she said.

Robert Williams, who also has student loan debt, feels the same way.

“I heard this might be a possible scam…but I heard on the news that Biden was still behind…so if that’s the case, I’m all for it,” he said. he declares.

Next month, the US Department of Education will launch a short online application. Applicants will not need to upload any supporting documents or use the Federal Student Aid ID.

Once you submit the application, it will be reviewed and your eligibility for debt relief will be determined.

The White House is also sending out a scam warning that you might be contacted by a company that says it can help you for a fee. You’ll never have to pay – be sure to only work with the US Department of Education and its loan officers.