The application for student loan forgiveness will go live in early October, according to the U.S. Department of Education

indicating that it might be ready at any moment.

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Experts advise debtors to act promptly when the form released since legal challenges to President Joe Biden’s

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historic decision to cancel up to $20,000 in debt for millions of Americans are escalating.

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According to higher education expert Mark Kantrowitz, a borrower who wins forgiveness

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“may get to keep it even if the court rejects the president’s scheme.”

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If you’ve decided that neither your loan type nor your income level disqualifies you from the Biden administration’s forgiveness,

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the next step is to determine if you are eligible for the $10,000 or $20,000 in relief.

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Contact your servicer as soon as you can if you have inquiries about forgiveness, according to experts.

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