In 2022, the average student loan debt for federal loans was $37,358. That's approximately $1.6 trillion of outstanding debt divided by a total of 43.4 million borrowers. However, what individual borrowers owe varies considerably. Debt differs according to borrower demographics, including educational attainment and location. The U.S. Department of Education has launched its official application for student loan forgiveness, meaning tens of millions of Americans can now request the financial relief. The launch follows a short beta test, during which time the Department of Education offered on and off access to the form while it tested the site. Borrowers could apply for forgiveness in those windows when the portal was open. To get verified you will need your full name and date of birth, you’ll also have to provide your Social Security number.
To get more information look at: StudentAid.gov.
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