FAFSA Website Down As Joe Biden Cancels $10,000 in Student Loan Debt for Millions of Borrowers
News Source The Sun:- Due to an increase in online traffic, the Federal Student Aid (FSA) website frequently crashes and experiences delays. The Free Application for Federal Student Aid, or FAFSA, is managed by the Department of Education’s Office of Financial Aid (FSA), which is used by millions of college students each year to apply for funding.
According to CollegeRaptor, more than 13 million students earn a total of $150 billion in financial aid through the FAFSA.
Following President Joe Biden’s announcement of his plan to broadly cancel student loans, the FSA website experienced a spike in traffic.
According to the president, every borrower whose yearly income is less than $125,000 will have up to $10,000 of their school loan forgiven.
There appeared to be a lot of borrowers trying to access their FSA student loan accounts, which caused delays and outages.
Since Biden’s announcement at 11.45 a.m., thousands of people have reported having trouble accessing the website, according to DownDetector.
Visitors to the FSA website are greeted with the following message: “There are a lot of people visiting StudentAid.gov. In a moment, you’ll be able to head to the location. I appreciate your patience.”
In the midst of the downtime, FSA also created a different website with details on the president’s debt reduction proposal.
Wait times of more than 20 minutes have been reported by some users who are trying to access the website.
Visitors have reported encountering a second waiting room while attempting to log in to the website in addition to the “waiting room” they must go through to reach the homepage.
Others on social media reported being completely unable to access the website.
Some borrowers received a notification that read: “Sorry, StudentAid.gov is not accessible right now. We’re trying to repair it right now! I appreciate your patience.”
In a press conference on Wednesday, President Biden stated that the Department of Education would issue instructions for requesting the $10,000 loan forgiveness “in the coming weeks.”
Who Receives Assistance via the FAFSA?
Current and prospective students must fill out the FAFSA in order to find out if they qualify for financial help.
This includes government work-study programmes, grants, scholarships, and student loans.
Parents and students are asked to provide personal and financial information for the application, which uses a special method to calculate a “Expected Family Contribution,” or EFC.
Financial aid will be determined based on your current school year, enrollment status, cost of attendance, and expected family contribution if you satisfy the basic qualifying standards.
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