Education Department released beta version of student loan waiver application, let's know about them

Let us tell you that people with federal student loans can apply for debt relief of up to $20,000.

For your information, let us tell you that a "beta test" of the application for student loan relief went live on Friday evening,

These started the Biden administration's comprehensive program to cancel student loans for millions of Americans.

Let us tell you that this test application of the Education Department is a long-awaited first step of the policy announced in late August,

allowing people with federal student loans to apply for debt relief of up to $20,000,

However, it depends on what kind of financial aid they got and how much money they make.

According to a department spokesperson, borrowers will be able to submit applications for the student loan relief program during the beta testing period

What's more, if they submit their application during beta testing they will not need to apply again.