Website to Apply for Student Loan Relief is Online | Education

CHARLOTTE, North Carolina — The U.S. Department of Education began accepting applications for student loan relief on Friday when it launched a beta test for millions of eligible borrowers.

The request is part of the Biden-Harris administration’s new debt relief pledge to erase up to $20,000 for Pell Grant recipients and up to $10,000 for non-Grant recipients. Pel Grant.

The plan aims to help middle-class and working-class borrowers. About 90% of the aid will go to people earning less than $75,000 a year.

Here’s what you need to know.

How can I apply?

The application can be found on the Ministry of Education website at

The agency said it would take about five minutes to fill out the entire form.

No documents are needed and you don’t need to log in anywhere. You can apply on your desktop, laptop, mobile device, or tablet.

A paper version of the application will soon be available for people who cannot apply online, the department said.

What is a beta launch?

The “beta launch” is a trial of the fallback app that allows the federal agency to test for potential issues.

It will also help refine the ministry’s process ahead of the official rollout of the debt relief program later this year.

According to the federal ministry, the beta version of the application will be activated and deactivated during this period. So if you’re trying to apply and the site is down, check back later or wait for the official launch.

What happens after my application?

You will receive a confirmation email once you submit the application. Your application will be processed after the launch of the official website.

The Ministry of Education said there was no urgent need to apply when the beta was launched. But if you do, you won’t have to worry about it later. Your application will already be submitted and you will not need to submit it again.

What happens next?

After submitting your application, several things will happen:

— Your application is reviewed

— If you need to submit more information, the US Department of Education will contact you

— You will be notified once the request has been approved

— Your loan provider will apply your relief and you will be notified

If you don’t hear the department asking you for additional information after you submit the form, you don’t have to worry.

Who is eligible for relief?

If you have eligible federal loans and fall below the following tax status thresholds, you can apply for relief, according to the Department of Education.

Keep in mind that one-time student debt relief won’t be taxed federally, according to the department, but some North Carolina borrowers will have to pay state taxes on canceled loans. Governor Roy Cooper has asked the state legislature to waive it, but a decision is pending.

Can I get a refund for loans I’ve already paid?

For borrowers who made payments on their loan during the payment break at the start of the COVID-19 pandemic – from March 13, 2020 to the end of December this year – you can get your money back.

However, your current balance must be less than the amount of debt relief you will receive. After applying for the loan relief, the money you paid during the break period will automatically be refunded.

If you paid your loans during the payment break but your loan amount is still more than the assistance you will receive under the program, you will not get a refund.

Additionally, if your current balance is less than the maximum amount of debt relief you can get, you will receive the amount of relief equal to your loan balance, the ministry said.

For example, if your loan balance is $7,000 and you qualify for $10,000 in debt relief, you will receive $7,000 in relief.

More information

The Department of Education has more information on student debt forgiveness, including consolidated or multiple loans, and which loans qualify for aid.

You can find information on

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