Eligible for student loan relief? Here are the 3 steps you need to take.
KANSAS CITY, Mo. (KCTV) - Millions of Americans will receive relief from student loans in the coming months.
President Joe Biden announced nearly a month ago that his administration is erasing $10,000 in federal student loan debt for those with incomes below $125,000 a year, or households that earn less than $250,000.
Biden also said he is canceling an additional $10,000 for those who received federal Pell Grants to attend college.
U.S. Secretary of Education Miguel Cardona tweeted three steps for those who might be eligible for the debt forgiveness:
- A simple application will launch by early October (date TBD)
- Once completed, borrowers will be notified on next steps. (check your email inbox)
- Fill out application before Nov. 15 to receive relief before the payment period ends
Sign up here to be notified when the application is available.
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