03/24/2023
Student Loan Borrowers who are interested in the income driven repayment (IDR) account adjustment MUST consolidate their FFEL loans into a Direct Consolidation Loan by the end of 2023. The income driven repayment (IDR) account adjustment is a one-time adjustment that will increase the number of qualifying payments that borrowers have made toward income driven repayment plans. This could lead to a larger loan forgiveness amount for some borrowers. For undergraduate loans, the repayment time is 20 years--for graduate loans, it is 25 years.
Student Loan Borrowers who are interested in the income driven repayment (IDR) account adjustment MUST consolidate their FFEL loans into a Direct Consolidation Loan by the end of 2023. The income driven repayment (IDR) account adjustment is a one-time adjustment that will increase the number of qual...