You can now apply for Biden's student loan relief plan. Here's how

On Monday, President Biden announced the application for his student loan relief program is officially live.

The administration published a beta version of the application last week. Since its launch on Friday, more than 8 million borrowers have already applied for debt relief, with no reported glitches or crashes according to the White House.

“It’s easy. It’s fast,” Biden said in a press conference announcing the launch, noting applications take less than 5 minutes and can be done on desktop or phone.

“This is a game changer for millions of Americans to get moving.”

Biden’s plan is to cancel up to $10,000 in debt for those earning less than $125,000 per year and up to $20,000 for those who received Pell Grants.