by Elesha George (VI Consortium) Millions of American students, including 12,000 from the U.S. Virgin Islands who have qualified for President Joe Biden’s plan for student loan relief can now access their applications online.
On Monday afternoon, Mr. Biden announced the opening of the new student loan forgiveness application portal which went live after a beta test version of the site on Friday night attracted millions of applicants.
“If you have federal student debt, please visit student aid.gov. It’s easy, simple and fast. And it’s a new day for millions of Americans all across our nation,” he said at a press briefing.
The program targets borrowers who are at the highest risk of delinquencies or default once payments resume. Borrowers are eligible for this relief if their individual income is less than $125,000 or $250,000 for households.
Mr. Biden said there are no forms to upload nor are there log-in prompts and that it only required the name, social security number, date of birth and contact information of the applicant. The application is available in English and Spanish on desktop and mobile devices.