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Here’s What The Form for Student Loan Forgiveness Will Look Like

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Student loan borrowers are one step closer to feeling some relief from the burden of student loan debt.

As you may know, a few months ago, the Biden Administration announced a Student Loan Cancellation program called The Biden-Harris Administration’s Student Debt Relief Plan.

Under the plan, up to $20,000 in student debt will be cancelled for Americans making under $125,000 a year.

In addition, President Biden extended the moratorium on student debt payments through the end of the year.

Since that time, we haven’t actually seen what the student loan cancellation form would look like although we have been promised it would be available sometime in October 2022.

With that being said, we finally have gotten some additional information including a look at the form.

What The Form for Student Loan Forgiveness Will Look Like

For starters, if you are eligible for student loan forgiveness, this form will be a requirement and need to be completed in order to receive forgiveness.

The form will be available in both English and in Spanish later this month.

Luckily, according to the example we’ve been given, it seems like a very simple and straightforward form.

It asks several basic questions like your name, social security number, birth date, phone number, and email.

At the bottom it will then require you to certify under penalty of perjury that you qualify for the student loan forgiveness by meeting the criteria shown on the image above.

So, keep your eye open for this application and we will let you know once it’s live.

You can see the full example of the form and additional information here.

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