Great news for students who have taken loan for education.
On monday president Biden announced millions of students officially apply for loan forgiveness .
Education department launch beta test site on friday and full launch on monday.
Student can apply apply for upto $20,000 in loan forgiveness.
Borrower can apply until Dec 31,2023 for the forgiveness program.
who will be eligible for student loan forgiveness program?
Income eligibility for individuals is $125,000 per year and for families $250,000 Per year.
People can apply on government site studentaid.gov for loan forgiveness.
Where can you apply?
More than 8 million people applied for loan forgiveness since site opens.