The U.S. Department of Education has begun a one-time payment count adjustment for certain federal student loans toward the income-driven repayment and Public Service Loan Forgiveness programs

Astoria, OR – According to the state officials, this could lead to borrowers potentially having their loans forgiven if they consolidate commercially owned Federal Family Education Loan or Perkins Loans into a federal Direct Loan by April 30, 2024.

Oregon’s student loan ombuds, Lane Thompson, reportedly said:

“We want to ensure that the current servicers are aware of the one-time account adjustment and pertinent deadlines.

Most borrowers will not need to take action in order to benefit from the one-time adjustment.

However, some loan types are not owned by the Department of Education and need to be consolidated (FFEL, Perkins) in order to become eligible.”

The U.S. Department of Education has begun a one-time payment count adjustment for certain federal student loans toward the income-driven repayment and Public Service Loan Forgiveness programs

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