The Biden administration is giving borrowers another few months to apply to the student loan forgiveness credit under the Income-Driven Repayment Account Adjustment.
The majority of borrowers will receive the benefits of the account adjustment automatically, but those who hold FFEL-program federal student loans or those with multiple student loans that have a mixed repayment history may need to consolidate into the Direct loan program in order to maximize the benefits. The Direct loan consolidation deadline was supposed to be December 31 and is now being extended to April 30, 2024.
AFT holds regular student debt clinics to walk members through pursuing loan forgiveness and other repayment options. Click here to sign up for the next AFT Student Debt Clinic.
To learn more about the kind of student loans you have and other important deadlines for Public Service Loan Forgiveness, click here.