(The Hill) – The Biden administration on Friday launched a beta version of its student loan forgiveness application that borrowers can use to apply for loan forgiveness.
“We are accepting submissions to help us improve our processes before the official launch of the form. If you submit an application, it will be processed and you will not need to resubmit,” Department of Education Federal Office of Student Assistance the website said.
The beta version looks the same as the application teaser presented by the White House earlier this week, and borrowers were only required to give the department their name, Social Security number, phone number, date of birth and email.
After borrowers fill out the application, the government gives them “next steps.” The government says the request will be processed and borrowers will be contacted if further information is required. The department will contact borrowers when they are approved.
The government may ask for additional information such as documents proving their income or status when they were students.
Once the borrower is successfully approved, their credit service provider will notify them that the facility has been applied.
A spokesperson for the department said there is no advantage for borrowers who complete the application during the beta testing phase compared to after the official launch.
“This testing period will allow the Department to monitor the performance of the site through real-world use, test the site before the official launch of the application, refine processes and catch any possible bugs before the official launch,” the spokesperson said.
The beta application will be paused at various points for evaluation by the department, the statement said. Individuals unable to access the app are encouraged to check back to see if it’s back online later or when the app officially launches.
The administration still hasn’t given a date for the official launch of the applications that borrowers have been anxiously awaiting since President Biden announced the program over the summer.
Individuals earning less than $125,000 a year and couples earning less than $250,000 a year who have federal student loans that are not held by a private entity are eligible to apply.
Borrowers must also “certify under penalty of perjury” that the information they enter is accurate, with possible legal consequences if the information is falsified.