US NEWS
How long will it take to process the student loan forgiveness application?
The student debt forgiveness plan has been unveiled. Pell Grant recipients and non-grantees will be able to cut $20,000 and $10,000 in student loan debt, respectively, so long as they make under $125,000 a year ($250,000 for married couples).
According to the Department of Education, the application period will be short, and the deadline for the application is 31 December 2023, giving student plenty of time to access it.
Millions of eligible Americans have already applied for the debt forgiveness via the online application form, with the latest figures at 26 million. If you used the Beta form, you will not need to resubmit your application.
Read more on debt cancellation in our full coverage.
