- CNN and The Washington Post report that student-loan forgiveness programs were opened during beta testing.
- Borrowers may apply for relief at this time but they will not be processed until the site is officially live.
- CNN was told by a CNN official that the Education Department would monitor the site and make any necessary repairs.
Student loan borrowers are now able to apply for debt cancellation during the beta testing period of the Education Department.
The Washington Post published its first Friday evening edition reportedThe Education Department made the student loan forgiveness application online. studentaid.gov website during a beta testing period. CNN later ConfirmedThe application update reported that the department was beta-testing its website before it becomes fully functional in October. Borrowers can submit forms during this period.
Officials from the administration stated that “borrowers won’t have to reapply” if they submitted their application during the beta-test, but applications will not be processed until the site launches later this month. Telled CNN. “This testing period will allow Department to monitor site performance via real-world usage, test the site before the official application launch and refine processes to uncover potential bugs before the official launch.”
The official said that the department would monitor the site’s performance and make any necessary changes to the website during this period. It is unknown when the site will be live.
This is a major step in the department’s implementation. Biden AnnouncementBorrowers earning less than $125,000 annually at the end August could receive up to $20,000 in debt reduction. The administration informed borrowers that they could expect to see the application portal go live in October. However, recent lawsuits by borrowers have made it impossible to predict when the portal will be available. At least five major conservative organizationsI have slightly pushed this timeline off-track.
The White House seems to be continuing with the process, despite legal challenges. It also gave borrowers an option. First glanceOn Tuesday, borrowers will need to complete basic contact information, such as names, email addresses and Social Security numbers.
