Payment Count Adjustments Toward Income-Driven Repayment and Public Service Loan Forgiveness Programs

On April 19, 2022, the U.S. Department of Education (ED) announced several changes and updates that will be made to its income-driven repayment (IDR) plans.

If you have commercially held FFEL loans (FFEL loans not owned by ED) and wish to benefit from these program changes, you must submit a loan consolidation application with ED by 4/30/2024. Click the link below for additional details and information.

Visit the following link for more details - https://studentaid.gov/announcements-events/idr-account-adjustment.

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Private Loan Interest Rate Index Changes