INCOME-DRIVEN REPAYMENT AND PUBLIC SERVICE LOAN FORGIVENESS PROGRAM ACCOUNT ADJUSTMENT
The U.S. Department of Education (ED) has announced that it will make adjustments to Income-Driven Repayment (IDR) plan payment counters. FFELP loan borrowers can only benefit from the adjustment by consolidating before ED implements the change, which is estimated to be no sooner than January 1, 2023. You can learn more at StudentAid.gov.
If you’re a federal loan borrower, you may be eligible for Public Service Loan Forgiveness (PSLF). Contact our public service specialists or go to StudentAid.gov to learn about PSLF and other programs – such as the Limited PSLF Waiver Opportunity and Temporary Expanded Public Service Loan Forgiveness (TEPSLF), which for a limited time may give you credit for past periods of repayment (while you were working for a qualified employer) that previously did not count toward PSLF.