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FFELP Loans eligible for the 10k forgiveness

Started by G.V. Rush, September 05, 2022, 01:51:44 pm

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G.V. Rush

Hey everyone, first time posting on here. I have 2 FFELP loans I've had for a million years and are now combined under $10,000.00. I'm confused, do I have to apply for the Direct Consolidation to be eligible for the 10k in foregiveness? Do I still have enough time or is it too late. Thank you very much to anyone who decide to reply. I really would appreciate it.

TheCollegeInvestor

If your FFEL loans are privately held, you would need to consolidate into a direct loan to qualify. See this guide: How To Handle FFEL Loans.