IDR Waiver Offers Federal Student Loan Borrowers a Path to Faster Loan Forgiveness

The IDR waiver can help federal student loan borrowers get credit for past payments toward forgiveness.

Borrowers repaying loans on an IDR plan can get credit for months in various repayment statuses.

Those with 20-25 years of eligible repayment time may get automatic forgiveness.

FFEL borrowers must consolidate loans into Direct by 12/31/23 to qualify for the IDR waiver.

Applying for a Direct Consolidation Loan takes about 30 minutes online.