Biden-Harris Administration Extends Loan Consolidation Window To Get Credit Toward Forgiveness Programs

President Joe Biden delivers remarks to Department of Defense personnel, with Vice President Kamala Harris and Secretary of Defense Lloyd J. Austin III, the Pentagon, Washington, D.C., Feb. 10, 2021. (DoD photo by Lisa Ferdinando)

The Biden-Harris Administration has announced a new timeline for implementing the payment count adjustment for federal student loans, now set for September 2024. This adjustment ensures borrowers receive accurate credit towards Income-Driven Repayment (IDR) forgiveness and Public Service Loan Forgiveness (PSLF). Key details include:

1. New Implementation Date: Full implementation is expected by September 2024 for borrowers with Direct Loans or FFEL Program loans held by the Department of Education.
2. Consolidation Deadline Extension: Non-federally held FFEL loan borrowers must consolidate by June 30, 2024, to benefit from the adjustment.
3. Automatic Adjustments: Eligible borrowers will automatically receive payment count adjustments, counting months in repayment, forbearance, economic hardship, military deferments, and deferments before 2013.
4. Eligibility for Forgiveness: The adjustment allows IDR forgiveness irrespective of current enrollment in an IDR plan. Over $49.2 billion in forgiveness has been approved for more than 996,000 borrowers.
5. Action Required for Some: FFEL borrowers must consolidate into Direct Loans for PSLF credit. Information is available on

The Administration remains committed to providing relief, approving almost $160 billion for nearly 4.6 million borrowers across various programs.

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