Home » Business » The federal government begins the portal’s trial period to request cancellation of up to $ 20,000 of student debt

The federal government begins the portal’s trial period to request cancellation of up to $ 20,000 of student debt

Washington DC – The United States Department of Education Opened On Friday, the portal will ask for the cancellation of a student debt of up to $ 20,000 in order to take the tests before its official launch.

According to a Federal Department of Education official, the temporary opening of the portal, in what is known as a beta testit enabled them to monitor performance and detect possible problems before the process was put into operation permanently. The agency added that they could carry out more tests before officially activating the portal.

And the Ministry of Education has indicated that those who use these intermittent openings and present the documentation will not have to re-apply for debt cancellation.

“The United States Department of Education began on Friday, a beta test (public trial period) of the portal to request the cancellation of student loans. During the trial period, people will be able to submit their application and will no longer have to file data (once the service has formally started). However, applications will not be processed until the service’s official debut later this month (October). This testing period will allow us to monitor the performance of the portal through the use of real users, test that all systems and modules are working correctly, refine the application process and correct any errors (in programming, or bug) that arise before the official launch ”, highlighted a spokesperson.

The spokesperson added that during the testing period, the developers will remove the portal for maintenance and performance analysis, so if you come across a message indicating that the portal is down, you can try again later in the testing period. day.

Screenshot of the federal government page to apply for student debt cancellation. (To catch)

According to the president’s plan Joe Bidenstudents who have received assistance from skin grants they can claim to have paid off up to $ 20,000 of Department of Education loan debt. Those who did not have Pell scholarships can apply for cancellation up to $ 10,000.

To apply for debt relief, individuals must have had an income of less than $ 125,000 in the years 2020 and 2021. In the case of couples, they must have had an income of less than $ 250,000.

This week, the Secretary of Education, the Puerto Rican Miguel Cardonasaid the upcoming cancellation of student debts of up to $ 20,000 will help millions of Latins mitigate inflation, including some 275,500 people in Puerto Rico.

Cardona indicated that nearly one of two Latin Americans with student debt will be able to cancel obligations with the Federal Department of Education through the program to be launched later this month.

“Nearly half of Hispanics will be able to see their debts go to zero … It’s pocket money for Latinos,” Cardona said, in a virtual press conference at the White House on President Biden’s accomplishments for the benefit of Hispanics. .

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