Education Secretary Miguel Cardona said Monday that over 8 million people have already filled out applications to have their student loans forgiven days after the Department of Education launched the application.
Cardona shared the number at a White House event where President Joe Biden touted the newly launched website, where student loan borrowers who make less than $125,000 per year can apply to receive $10,000 in student loan cancellation or $20,000 if they had received a Pell grant. The 8 million applicants represent a fraction of the estimated 43 million borrowers eligible for debt cancellation.
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