There are more than 10,000 minutes between now and Nov. 15 to apply for student loan forgiveness and get a portion of your debt canceled. You’ll only need five to apply.
Whatever happens with the current legal challenges to student loan debt forgiveness, you should submit your application before Nov. 15 to receive up to $20,000 of relief before payments resume next year.
Borrowers technically have until the end of 2023 to file for forgiveness, but experts say applying sooner could lower your loan payments or erase your balance all together, putting you in a financially better position come January. The Biden administration is urging borrowers to apply by the Nov. 15 deadline, too.
(Click the image below to sign up for our student loan forgiveness webinar on Nov. 15 at 6 p.m. EST. Senior reporter Alex Gailey and student loan expert Robert Farrington will go over Biden’s relief plan, where it stands legally — plus, show you how to apply for relief and answer questions)
Student loan expert Robert Farrington said the legal…
