· More than 8 million people have submitted student loan forgiveness applications since a beta site launched Friday
· Biden said more than 40 million Americans can benefit from the relief.
· The online application takes an estimated five minutes, and documents aren't needed.
· Biden's student loan forgiveness plan has faced a number of legal challenges as well as criticism from Republicans and some Democrats in battleground states.
· The Department of Education will continue to process applications as they are received through Dec. 31, 2023.
· Relief is expected within six weeks for most borrowers, the government said.
· The simple application requests borrower information, such as name, Social Security number, email, phone number and more.
· Individuals who make less than $125,000 per year, and married couples who earn under $250,000, qualify for forgiveness.
· “I want to be clear who’s going to benefit most. Working people, middle class.”
· "About 90% of that relief is going to go to those making less than $75,000 a year," Biden said, dismissing GOP attacks that the plan will benefit wealthy borrowers.
· "Their outrage is wrong and hypocritical," Biden said of Republicans.