UPDATE 5/15/24

The Biden-Harris Administration Announced it will Allow Borrowers More Time to Consolidate Loans to Get Credit for Progress Toward Loan Forgiveness Programs!

This administrative fix ensures borrowers get proper credit for progress borrowers made toward income-driven repayment (IDR) forgiveness and Public Service Loan Forgiveness (PSLF).

The payment count adjustment is now anticipated to be fully implemented in September 2024. At that time, borrowers with Direct Loans or Federal Family Education Loan (FFEL) Program loans held by the U.S. Department of Education (Department) will see a full and accurate count of their progress toward loan forgiveness.

Because of this updated timeline, borrowers with non-federally held FFEL loans who apply to consolidate by June 30 can still benefit from the payment count adjustment.

— DEADLINE: APRIL 30, 2024 —

Time is running out to get credit for ALL of your student loan payments! Make sure you’ve taken the necessary steps to take full advantage of your recount.