Last date for student loan forgiveness application 2022

Those who earned $125,000 or less than $250,000 in income will receive $10,000 in loans wiped away.

This was announced by president JOE BIDEN IN THE August month.

Those who receive a Pell Grant during college, can get up to $20,000 in relief.

Out of 40 million, 8 million borrowers may already be eligible to receive amount.

Because, the income data is already available to the education department.

And nearly 20 million borrowers expected to have entire debt declined.

The application may roll out on 3rd October, according to the BIDEN administration.

The plan also caps payments for current low-income students and forgiveness loan balances after 10 years, rather than 20.