‘GAME CHANGER’

8 Million Have Already Applied to Biden’s Student Loan Forgiveness Program

Applications have poured in since its soft launch began on Friday online.

President Joe Biden’s student loan forgiveness program is already proving to be very popular. In an announcement on Monday, Biden called the program a “game changer,” saying that eight million people have submitted an application since Friday’s online soft launch. “Today marks a big step, among others, that my administration is taking to make education a ticket to the middle class that folks can actually afford,” he said. “The new student loan application is now open. If you have federal student debt, please visit StudentAid.gov. It’s easy, simple and fast and it’s a new day for millions of Americans all across our nation.” Announcing the program in August, the president said he’s planning to forgive $10,000 of federal student loan debt to those who earn less than $125,000, as well as forgiving $20,000 to those who received Pell Grants in college.