If you qualify for Biden's student loan forgiveness, you can apply online now

The Biden administration launched a beta version of its student loan forgiveness application.

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Borrowers can apply now but here's what borrowers need to know first.

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The Education Department has launched an online application for Biden’s new student loan forgiveness plan.

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The plan provides up to $20,000 in loan forgiveness for federal student loans administered by the government.

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Download now

The application is available here via the StudentAid.gov website.

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Borrowers do not need to log in to the StudentAid.gov website using their FSA ID.

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Fill out the online form, digitalsign it and submit it and the process takes less than a minute to complete.

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Data shared by the White House states that 87% of the program's benefits will go to people who earn less than $75,000 a year.

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