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.