Education Department begins beta testing for student loan forgiveness application – CNBC

by | Oct 14, 2022 | Education

Student loan borrowers gather near The White House to tell President Biden to cancel student debt on May 12, 2020.Paul Morigi | Getty Images Entertainment | Getty ImagesThe U.S. Department of Education began beta testing the student debt forgiveness application Friday night.The application is available at┬áStudentAid.gov. As of 8:45 p.m. ET Friday, the portal appeared to be functional, showing a short application and a button to submit it.The portal will be open available on and off during the beta test, according to The Washington Post, which was the first to report on it.”This testing period will allow the department to monitor site performance through real-world use, test the site ahead of the official application launch, refine processes and uncover any possible bugs prior to official launch,” an Education Department spokesperson told CNBC in an emailed statement.During the beta period, the department’s technical team will occasionally pausing the site for assessments, refinements and maintenance. During those pauses, the department will encourage borrowers visiting the site to check back so they can submit their application after the pause has concluded, or when the official site launches.A preview of the application earlier this week suggested a full rollout could come as soon as next week, said higher education expert Mark Kantrowitz.Speaking prior to the launch, Kantrowitz said he had no firsthand knowledge of the Education Department’s test, but noted that “beta is a slow launch, making sure they get all the bugs out before they release it to everybody.””As soon as [the application] goes live to everybody, it’s going to be overwhelmed,” he added. “Just the announcement of forgiveness caused [site] slowdowns.”Borrowers can apply for forgiveness during betaBorrowers who happen upon the beta test link while it is live will be able to submit their forgiveness …

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