Biden administration announces student loan forgiveness application is open.

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By Shivesh

After 8 million people signed up for the beta test on Friday, the app was finally revealed.

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By Shivesh

The federal administration is convinced it can deliver on its huge debt cancellation promise despite court obstacles.

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By Shivesh

It handled more over 8 million applications without a hitch, President Biden stated Monday.

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By Shivesh

Borrowers can get $10,000 or $20,000 in debt relief based on income and Pell Grant eligibility.

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By Shivesh

The Education Department said borrowers who apply in October might have debt erased in November.

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By Shivesh

The officials have pushed debtors to file by Nov. 15 if they want to see their balances drop before a payment freeze ends.

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By Shivesh

To apply, borrowers must enter their Social Security number and birthday online.

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By Shivesh

As part of that, they will self-attest that they earn less than $125,000 or $250,000 for couples. Those who offer false information could face penalties or jail time.

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By Shivesh

The app is available in English and Spanish on desktop and mobile devices.

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By Shivesh

People who applied once the beta version became public don't need to apply again.

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By Shivesh