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.”
