Act Soon to Maximize Student Loan Forgiveness: Critical December Deadline for Consolidating Loans

Critical deadline of December 31, 2023 for certain borrowers to consolidate loans to qualify for IDR Account Adjustment retroactive credit.

Borrowers with commercially-managed FFEL loans must consolidate into Direct loans by deadline.

Borrowers with different loan types/histories may maximize credit by consolidating before deadline.

Parent PLUS borrowers can get credit under adjustment, and may want to consolidate.

Consolidating Parent PLUS with other loans limits repayment options, so caution advised.