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On Monday, President Joe Biden officially launched the application process for his student debt cancellation program, giving millions of Americans the opportunity to forgive up to $20,000. According to the Biden administration, the application should only take about five minutes to complete. Please follow these steps to apply.  Log onto studentaid.gov and in the section labeled student loan debt relief, click “Apply Now.” The site will ask for some basic information such as  name, Social Security Number, date of birth, phone number and email address. Documentation about your income or student loans is not required.

The site will then require you to review the eligibility rules and make sure that you’re a match for loan forgiveness. A person must prove that they earn less than $125,000 per year or that their household earns less than $250,000 per year. Finally, verify that everything you provided is true by clicking the box if you meet the eligibility requirements. According to the Biden administration once the form is submitted, it should take four to six weeks to process. Your loans will be evaluated using the Education Department’s existing records. If your income exceeds the income limits, your loan application will be denied. There may be a need for additional documentation to prove the income of some applicants.

The process could be get difficult depending on several legal challenges. Multiple lawsuits are being filed against the Biden administration in an effort to block the program, including one by six states led by Republicans, however Biden said on Monday that  he’s confident that the suit will not hold and that the student loan forgiveness program will continue as planed.