. >>> A FEDERAL JUDGE IN MISSOURI HEARING ARGUMENTS ABOUT WHETHER TO BLOCK PRESIDENT BIDEN'S STUDENT LOAN FORGIVENESS PROGRAM. IT COULD THREATEN THE PLAN TO CANCEL UP TO $20 MILLION OF STUDENT LOANS FOR 40 MILLION PEOPLE THEY SUED THE BIDEN ADMINISTRATION OVER THIS DEBT RELIEF POLICY. THEY ACCUSED PRESIDENT BIDEN OF OVERSTEPPING HIS AUTHORITY AND THEY SAY HIS PLAN WILL HARM LOCAL LOAN SERVICERS WHO FACE A LOSS OF REVENUE. >>> MEANWHILE, THE WHITE HOUSE YESTERDAY PREVIEWED THE STUDENT LOAN FORGIVENESS APPLICATION SHARON EPPERSON WITH THAT. WHAT CAN WE EXPECT, SHARON >> Reporter: WELL, IT'S NOT LIVE YET, SHEP.
THE STUDENT LOAN FORGIVENESS APPLICATION IS SHORT AND SIMPLE. YOU CAN FILL IT OUT ON YOUR DESKTOP OR MOBILE DEVICE AND IT'S AVAILABLE IN ENGLISH AND SPANISH. IT SHOULD LAUNCH LATER THIS MONTH BUT IT DID NOT GIVE A CERTAIN DATE APPLICATIONS WILL BE DONE THROUGH JUNE OF 2023 KEEPING THE APPLICATION SIMPLE MAY PROVIDE FEWER OPPORTUNITIES FOR SCAMMERS TO PREY ON CONFUSED BORROWERS. SOME COULD FALL VICTIM TO SCAMS. >> SHARON, HOW DO THESE STUDENT LOAN FORGIVENESS SCAMS WORK? >> Reporter: SOMEONE MAY REACH OUT ON SOCIAL MEDIA, TEXT YOU, EMAIL YOU, CALL YOU. THEY'LL SAY THEY'RE AFFILIATED AND THEY CAN HELP YOU PROVIDE FOR RELIEF DON'T DO IT. >> ANY TIME YOU'RE BEING ASKED TO HAND OVER A THIRD PARTY AUTHORIZATION, A POWER OF ATTORNEY OR IF YOU'RE ASKED FOR YOUR USER NAME AND PASSWORD TO YOUR STUDENT LOAN INFORMATION, THOSE ARE HUGE RED FLAGS.
