Most applications submitted by mid-November will be processed by Jan. 1 the day federal student loan payments are set to resume after being paused during the pandemic. This tool allows you to get a look at the plans for which you may be eligible and see estimates for your monthly payments before you contact your student loan servicer about specific plans. This is the only site where borrowers can sign up for student loan forgiveness. At press time, the site said the tool would soon offer a simulator to find out what may happen if you decide to borrow more money for educational expenses, including if you are looking to return to school or if you are going to graduate later than originally planned. February 27, 2023. However, at press time, the developing NextGen student loan services platform from StudentAid.gov is promising to move repayment to one place for all student loan borrowers. Indeed, thousands took to social media to share the form, with many saying they submitted their applications with little trouble. Share sensitive information only on official, Here's what to do. I qualify for $20k forgiveness. Never reveal personal information such as your Social Insurance Number, student loan information and/or banking information to anyone you do not know. Secure .gov websites use HTTPSA Understand more about the program and how you might qualify to have the remaining balance on your loan forgiven after you have made 120 qualifying payments. CPSSAIG@ed.gov; NSLDS Professional Access. StudentAid.gov/help-center/answers/topic/managing_your_account/articles. This website is using a security service to protect itself from online attacks. If not completed, a checklist item will appear on your "To Do List". Estimates of aid. You will need to contact your loan provider and discuss repayment options with them.