The test website for the student debt relief application in the United States has gone live.
The Department of Education launched a beta test ahead of the official rollout later this month. President Biden announced the program expected to impact 40 million Americans this summer, but several legal challenges could jeopardize the plan.
Applications likely won’t be processed for weeks, but the promise of relief is in sight for many.
A three-part plan delivers on President Biden’s promise to cancel $10,000 of student debt for low- to middle-income borrowers.
President Biden believes that a post-high school education should be a ticket to a middle-class life, but for too many, the cost of borrowing for college is a lifelong burden that deprives them of that opportunity. During the campaign, he promised to provide student debt relief. Today, the Biden Administration is following through on that promise and providing families breathing room as they prepare to start re-paying loans after the economic crisis brought on by the pandemic.