Student-Loan Forgiveness: Who Qualifies for Biden’s Plan, and How to Submit an Application

President Biden’s student-loan plan will reduce or wipe out the debt of millions of borrowers. 

The beta launch of the application for debt relief is online. The official launch is later this month, and applications won’t be processed until the official launch, according to the Department of Education. Borrowers must apply by Dec. 31, 2023.

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