Act Soon to Maximize Student Loan Forgiveness: Critical December Deadline for Consolidating Loans
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Critical deadline of December 31, 2023 for certain borrowers to consolidate loans to qualify for IDR Account Adjustment retroactive credit.
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Borrowers with commercially-managed FFEL loans must consolidate into Direct loans by deadline.
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Borrowers with different loan types/histories may maximize credit by consolidating before deadline.
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Parent PLUS borrowers can get credit under adjustment, and may want to consolidate.
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Consolidating Parent PLUS with other loans limits repayment options, so caution advised.
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