Education Department extends Biden student loan consolidation deadline

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As President Joe Biden touts his student-loan relief to likely voters, the Education Department has extended the deadline to consolidate loans for forgiveness to June 30.

The previous deadline was April 30, but it was shifted to accommodate those applying and to align with a payment count adjustment date set for September.

The Biden administration previously pursued a payment count adjustment starting in April 2022 after it found some borrowers “did not have a proper accounting of their time to forgiveness under IDR plans as well as widespread evidence that servicers had not been properly following regulations and Department contracts governing the use of forbearances, resulting in borrowers spending excessive amounts of time in forbearances.

 

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