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Biden Administration Extends Key Student Loan Forgiveness Deadline

Borrowers now have until June 30 to consolidate loans and qualify for crucial payment adjustments.

  • The original deadline was April 30 but has been extended to give borrowers more time.
  • Nearly 1 million borrowers have already benefited from the forgiveness program.
  • The adjustment will correct past errors and give credit for previously ineligible payments.
  • Borrowers can apply for consolidation on the Federal Student Aid website.
  • The Education Department aims to complete the adjustment by September 2024.
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