The Biden administration has shared new details of its debt relief application, and what borrowers will need in order to fill it out. Here's what to know:
President Joe Biden and U.S. Education Secretary Miguel Cardona announced a sweeping plan for student debt relief in August.than the one tens of millions of federal student loan borrowers will need to complete to qualify for President Biden's debt relief plan. On Tuesday, senior administration officials revealed new details about the application. Here's what we know:The Biden administration has said repeatedly its debt relief application would be available in early October.
, the application, which officials shared with reporters on Tuesday, is quite simple. It requires only basic information, including name, birth date, Social Security number, phone number and an e-mail address. A senior administration official told reporters that the U.S. Department of Education will closely match the information applicants provide with loan and income information it already has on file. In case of discrepancies, the department"will work with borrowers to secure additional documentation."
Timing matters because the department wants to discharge as many debts as possible before student loan payments resume in January.
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