Student loan forgiveness website goes live The form to apply for President Joe Biden's one-time student loan debt forgiveness is now online. Borrowers are eligible to receive $10,000 or $20,000 in debt relief depending on their income and whether they received a Pell Grant in college. The feds have encouraged borrowers to file their forms by Nov. 15 if they want to see their balances shrink before the end of a freeze on payments that began during the pandemic and ends in January. What this means: The unveiling of the application suggests the federal government is confident it can deliver its on its mammoth debt cancellation campaign promise in the face of several legal challenges, including from seven conservative states. • But can everyone apply? For some borrowers, the erasure will be transformative. For others, they still face decades of payments. • What about the lawsuits? As the application window approached and legal challenges mounted, new changes mean fewer applicants can take advantage of the relief. • How much will the president's student debt relief plan cost? The nonpartisan CBO estimates that Biden's executive action in August will cost about $400 billion. • From payment pause to student debt cancellation in under 3 years. Though the uncertainty wore on loan holders’ nerves, it allowed millions of borrowers to pay down their debts, save for a home, or keep food on the table. Read more in the link below: https://www.usatoday.com/story/news/education/2022/10/17/student-loan-forgiveness-application-instructions-details/8170284001/?utm_source=usatoday-DailyBriefing&utm_medium=email&utm_campaign=narrative&utm_term=article_body&utm_content=USAT-8872UT-E-NLETTER02-Weekday @usatoday