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• Podcast: April 30th Student Loan Deadline

  Apr 8, 2024 12:00 pm by Andrea PellegriniPodcastsEducationNewsSaveSpend
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  Making Cents of Money · Episode 81: April 30th Student Loan Deadline

  April 30th Student Loan Deadline

  There's an important deadline at the end of this month for student loans! We break down the steps being taken by the Biden Administration for borrowers that may result in loan discharge sooner than anticipated in this episode of Making Cents of Money.

  Do you have a Federal Family Education Loan (FFEL), Perkins Loan, or Health Education Assistance Loan (HEAL)?
  Are you currently on an Income-Driven Repayment plan (like SAVE, PAYE, ICR, or IBR) or want to enroll in one?
  You may need to consolidate your loans into a Direct Consolidation Loan by April 30, 2024 to maintain your payment counts towards IDR cancellation or forgiveness.

  Resources and Information Discussed in the Episode:

  Federal Student Aid Resources

  • Direct Consolidation Loan Application
  • Payment Count Adjustments Toward Income-Driven Repayment and Public Service Loan Forgiveness Programs

  Relevant Articles & News Releases

  • Biden-Harris Administration Announces Additional $4.9 Billion in Approved Student Debt Relief (U.S. Department of Education, January 19, 2024)
  • Biden Extens Key Student Loan Forgiveness Deadline: Why It Matters (Forbes, December 18, 2023)
  • Consumer Advisory: Opportunity to cancel student loan debt ends soon (Consumer Financial Protection Bureau, March 11, 2024)

  Previous Episodes on Student Loans

  • Ep. 73 – Loan Payments Resumed in October
  • Ep. 60 – Return to Repayment UPDATE
  • Ep. 48 – Federal Student Loan Forgiveness
  • Ep. 41 – Student Loan Repayment (update)
  • Ep. 27 – Student Loan Update
  • Ep. 16 – Student Loans

  Get Savvy: Student Loan Updates webinar recordings and other relevant materials.

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