It’s currently possible to apply for the beta program of the student loan debt relief program. It takes about five minutes to apply for the beta program and you don’t need to provide any documentation to apply. For those unaware if you meet the income requirements you can get the following debt relief:
- Up to $20,000 in debt relief if you received a Federal Pell Grant in college
- Up to $10,000 in debt relief if you didn’t receive a Federal Pell Grant in college
It doesn’t look like there is any advantage to actually being in the beta program.
Hat tip to Green121
I’ve given up on people being non political in the comments of THIS post, but please keep things civil. Comments will be removed for personal attacks and slurs.
But I came here for the personal attacks.
Download Parler for that. Ye just bought it 😉
It is live now, amigo.
No more beta testing.
https://www.cnbc.com/2022/10/17/student-loan-forgiveness-application-officially-launches.html
I am seriously looking to ways to create an online college with tuition cost exactly $10k. All courses will be prerecorded videos. 3 months or so long. No exams. Students will get free laptops, phones, books, t-shirts and gift cards ($5k value in total). If anyone is interested let me know.
I know you’re kidding, but the student loans had to be disbursed by June 30. Tough to churn unless you had a few dozen fake children in college like I did.
Late to the game. Already created, it was called Trump U or DeVry U.
Love reading these comments. It’s like visiting the asylum at the bottom of any Fox News article.
I seriously understand both sides of the issue. On one hand, a lot of us paid off our debt the typical way and saw nothing of this, plus it also subsidizes sub-optimal school/major choices (as far as career/salary prospects). This does nothing to fix the problem (loan-driven tuition hikes). On the other hand, tuition and loan balances have become so burdensome to newer graduates that it does hold back our economy.
As far as the beta test, the only two advantages I see are if these applications are processed in order and it starts before a court strikes this down (if it does). It will be hard to claw back forgiveness. Also, given the history of poor online government infrastructure, I imagine this site will crash a lot when fully released and publicized (so filling out now might avoid a lot of frustration).
Any way to take advantage of this if I never went to college and don’t have any student loans? asking for a friend
Time travel
Everyone just be happy.we all have benefited from gov.subsidy one way or other.for folks who say they never benefited from gov.i am sure their share benefit might have gone to their sibilings, parents, spouse, ex, girlfriend, boyfriend, children’s boyfriend or girlfiend, neighbour.just do the good karma and live the life.
I don’t understand what makes this a ‘beta’ launch if it’s open to everyone. A ‘beta’ launch usually limits participants so they can fix problems. This seems like it’s just creating a potential problem for a lot of people if there are systemic issues with the application process.
I believe there is a benefit to the beta. Many believe someone will try to get an injunction against the program. Regardless of whether you believe this is true, likely to succeed, etc, it is better to get your application in ASAP and hopefully have your forgiveness granted pending litigation, rather than continuing to pay while hoping the application opens back up later. Given that there is no downside, and injunctions can be granted swiftly, I filled it out.
It seems that the advantage is that the beta program applications are processed before everyone else
There are several pending lawsuits to stop this.
Which will fail since the program is based on a law signed by GWB. It’s legal.