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The student-loan forgiveness application is now open in beta mode. Here’s how to fill it out to get up to $20,000 of debt forgiven.

News Team
On August 24, President Biden announced that he would forgive $10,000 in student loans per borrower, $20,000 if you received a Pell Grant, if you meet the following income requirements: After delays due to lawsuits against Biden’s plan, the application is finally live in beta mode. You’ll receive a confirmation email if you apply during the beta-testing period, but your submission will not be processed until the application officially opens later this month. The Department of Education has opened this beta-testing period to ensure the application is working correctly before its official launch. Here’s what you’ll need to have on hand to fill out the application and apply for student-loan forgiveness.

You’ll need to provide 5 pieces of information to apply for student-loan forgiveness

The student-loan forgiveness application only asks for these five pieces of information:
  1. Your name
  2. Date of birth
  3. Social Security number
  4. Email address
  5. Phone number
You will also be asked to check a box certifying that you meet the income requirements of $125,000 a year or less for individuals and $250,000 or less for married couples who file their taxes jointly. Here’s what the application looks like from a cell phone:
The student-loan forgiveness application does not include income verification documents. 
The White House says it wanted to make the student-loan forgiveness application process as easy and seamless as possible by using borrowers’ Social Security numbers to verify income. However, an estimated 5 million borrowers will have to submit additional documents, like a 1040, tax transcript, or proof of non-filing in order to verify their income.

How do I know if my student loans are eligible for forgiveness?

Only federal student loans held by the US government are eligible for Biden’s forgiveness plan.

Here’s a complete list of student loans eligible for forgiveness:

The easiest way to check whether or not you have a student loan that qualifies for forgiveness is to log into studentaid.gov and click “view details.” Your loan type will be right above the green circle that shows your student-loan balance. Additionally, you can check your student-loan servicer. If your student-loan servicer is Nelnet, MOHELA, or one of the federal student-loan servicers listed below, your student loans qualify for forgiveness.

Here’s a complete list of federal student loan servicers:

If your loans are managed by servicers not listed above, they are privately held and ineligible for forgiveness.

How do I know how much forgiveness I am eligible for?

If you meet the income requirements of $125,000 or less per year for individuals, and $250,000 or less per year for married couples who file their taxes jointly, and you have an eligible loan type, you are eligible for $10,000 in student-loan forgiveness. If you received a Pell Grant, you are eligible for $20,000 in student-loan forgiveness. Pell Grants are federal grants given to students with exceptional financial need. To check whether or not you received a Pell Grant, log into studentaid.gov to view your student loan details. If you see two circles on your dashboard that look like the image below, you received a Pell Grant, and you are eligible for $20,000 in student-loan forgiveness.
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