The Biden administration announced it would cancel significant amounts of student debt for millions of Americans, marking the largest discharge of education debt in U.S. history.

The application is officially live. The final deadline to complete it is over a year away—Dec. 31, 2023—but the Biden administration has advised applicants to apply by Nov. 15 of this year to receive forgiveness by Dec. 31, 2022, when the student loan repayment pause will end.