Only 2 Days Left to Consolidate Your Student Loans and Qualify for Loan Forgiveness

You have until April 30 to consolidate your federal student loans into one new Direct Loan with a fixed interest rate. If you’re eligible for debt relief under President Biden’s new student loan forgiveness program, consolidating your loans can maximize your forgiveness amount. All federal loans are eligible for consolidation, including Perkins Loans, Parent Plus loans, and Federal Family Education Loan Program loans. Student loan consolidation allows you to combine existing loans into a new loan with a fixed interest rate. It can lower monthly payments and extend repayment periods but may also increase the principal balance. It is recommended to consolidate federal student loans before the April 30 deadline to take full advantage of forgiveness programs.

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