Payment Count Adjustments Toward Income-Driven Repayment and Public Service Loan Forgiveness Programs | Federal Student Aid
Bankruptcy and default status count as a payment. Forbearance counts in some circumstances. Most deferment count except in-school. Time before consolidation counts for repayment periods after July 1, 1994. The government could see a lot of student loans forgiven. The first set of student loans reviewed will be those that have been in repayment long enough to get forgiveness (20 or 25 years) which is expected by end of August. No need to apply for the payment count adjustments. It will happen automatically sooner or later.
Bankruptcy and default status count as a payment. Forbearance counts in some circumstances. Most deferment count except in-school. Time before consolidation counts for repayment periods after July 1, 1994. The government could see a lot of student loans forgiven. The first set of student loans reviewed will be those that have been in repayment long enough to get forgiveness (20 or 25 years) which is expected by end of August. No need to apply for the payment count adjustments. It will happen automatically sooner or later.