Biden’s Student Loan -5 Tips Need to Know Before You Submit
Biden’s Student Loan -5 Tips Need to Know Before You Submit
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By-Amber
By-Amber
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For Biden's new student loan forgiveness programme, the Education Department has made an online application available.
For Biden's new student loan forgiveness programme, the Education Department has made an online application available.
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Forgiveness of $20,000 of federal student loans that the government manages.
Forgiveness of $20,000 of federal student loans that the government manages.
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You can access the application here on the StudentAid.gov website.
You can access the application here on the StudentAid.gov website.
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Using their FSA ID, which serves as both a username and a password. Just complete the online form, digitally sign it, and submit it.
Using their FSA ID, which serves as both a username and a password. Just complete the online form, digitally sign it, and submit it.
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Simple information collection is required from borrowers (name, contact details, and personal identifying information like their Social Security number and date of birth).
Simple information collection is required from borrowers (name, contact details, and personal identifying information like their Social Security number and date of birth).
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To be eligible for student loan forgiveness under Biden's plan, they must also swear under penalty of perjury that their income in either 2020 or 2021 was less than $125,000 (or less than $250,000 if they are married).
To be eligible for student loan forgiveness under Biden's plan, they must also swear under penalty of perjury that their income in either 2020 or 2021 was less than $125,000 (or less than $250,000 if they are married).