Borrowers awaiting student loan forgiveness have until April 30th to request loan consolidation, which merges federal loans into one. This could accelerate forgiveness, as you'll receive credit for all payments since your first loan, regardless of its disbursement date. However, remember that consolidation may reset the forgiveness timeline, so consult an expert before proceeding.
There's a limited-time opportunity for student loan forgiveness. By April 30th, borrowers can consolidate their loans to get credit for past payments. This could result in immediate or early loan cancellation for many borrowers under income-driven repayment plans. The consolidation process combines loans and includes payments from your oldest loan. It's important to consolidate before the deadline and ensure accurate payment history to maximize forgiveness benefits.
