Joe Biden Student Loan Forgiveness Application

Most of the world will prefer to think that student loans are baggage that comes with education. It is true, given that different types of loans are taken by almost every two of three students who wish to complete their education.

What is Student Loan Forgiveness?

The good part is that some professional choices will provide the students with an option to loan forgiveness. Under these loan forgiveness programs, all or a part of the borrower’s federal loan debt is forgiven. Most of the time, private loans don’t qualify as opposed Federal loans.

Student loan forgiveness does not work for those who join civil services. Those who feel their educational institution defrauded them can file for borrower’s defense.

Eligibility is often limited to certain military, educational and public service options.

Student Loan Forgiveness

Student loan forgiveness 2022 who qualifies

Students who qualify for student loan forgiveness must fulfill the below criteria.

  1. Private loans and F.E.E.L loans (not eligible for payment pause) will not be forgiven.
  2. Eligibility for cancellation does not include your current enrollment in the course which means whether you are in or out of the course, you can earn forgiveness for it.
  3. Singles earning below $125, 000 qualify for the student loan forgiveness program.
  4. Income consideration for 2020 and 2021 is applicable and the earnings of 2022 will not be considered.
  5. Students who need to repay Pell Grants yet, have income levels as specified above will get extra $10,000 forgiveness.
  6. Head of households, married couples or joint tax filers will qualify when their combined earnings are below $250,000.
  7. Any loans taken after 30th June this year will not receive the loan cancellation benefits.

What are Application Requirements?

Application requirements for the Joe Biden student loan forgiveness will include fulfillment of the following conditions;

  1. Keep your income tax details handy as well as your income tax return filing statements for the years 2020 and 2021.
  2. Include income slabs or paystubs when applying for the loan forgiveness scheme.
  3. Place your address correctly and also add an email address and phone number in place.
  4. Add your loan related details.
  5. Put your course details against which you have applied for a loan.
See also  PSLF waiver Application Online Process - Know if you are Eligible

How to apply for Joe Biden Student Loan Forgiveness Application?

To apply for Joe Biden Student loan forgiveness the application is yet not out and will be there by the end of the year. However, whenever you are filling up the form, you will need to add this type of information.

  1. Personal information
  2. Course related information
  3. Family income details including yours if any
  4. Loans that you have taken alongside any scholarship schemes that you have in your name for the program.


Millions of students, an estimated 8 million of them will benefit from this loan forgiveness scheme and if you are one of them, know more about it. The amount you earn back will not be taxable until 2025 leaving you with plenty of time to benefit from the arrangement.

Also Read: How to Apply for Teacher Loan Forgiveness?

FAQs (Frequently Asked Questions)

Are nurses eligible for student loan forgiveness?

Yes, nurses are eligible for various loan forgiveness programs and under the recent announcement also they are eligible for the $10,000 loan amount forgiveness.

Does student loan forgiveness include private loans?

Private loans are very different from Federal loans and thus, private loans don’t come under this current loan forgiveness option announced by President Joe Biden. Private loans follow a different loan route and their way of working is different from Federal loans.

Does Navient have student loan forgiveness?

Yes, Navient will definitely be given the option of forgiving Federal loans for all its student borrowers. However, the student loan forgiveness by Navient will work negatively for the company whose stocks are already down by 23% currently.


Here is what will seem like a fair choice as President Biden brings relief to many of the hapless students whose world stopped with the COVID-19 pandemic. COVID-19 has caused trouble to millions of families all across the world and students have been trying to find ways to pay back their debts. Keep a tab on the availability of the application in the next few months.

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