Both the $10,000 and $20,000 forgiveness amounts are means-tested.

It estimates nearly 8 million borrowers will be eligible for relief automatically based on the current information it has.

An application will be required to access the forgiveness and will be made available by the end of 2022.

This red tape means borrowers could slip through the cracks. Some borrowers inevitably won’t follow through or will submit erroneously.

The Education Department doesn’t have email addresses for 25% of borrowers in default, according to a January 2022 Government Accountability Office report.

Department of Education Student Loan Forgiveness Application: Studentaid Login