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One-Time Forgiveness Count Adjustment

Do you need help making sense of the forgiveness count adjustment?

Special one-time student loan forgiveness count adjustment  

The one-time forgiveness count adjustment is a lesser-known, more confusing, yet more widely available and very helpful special benefit announced in April 2022

Anyone with federally-held student loans is eligible to receive the adjustment. Essentially, the adjustment will count any repayment time, and certain deferment or forbearance time as forgiveness eligible, regardless of payments made, loan type, or repayment plan used.

Anyone with any amount of time in federal student loan repayment, particularly those with ten or more years in repayment will want to know exactly how this benefit can work.  

Direct Loan holders automatically benefit and do not need to do anything, unless you have loans with varying amounts of repayment time that you may want to consolidate before the end of this year.  Anyone who could benefit from a Direct Consolidation, and nearly any Federal Family Education Loan (FFEL) holders will want to consolidate before April 30, 2024 Dec 31, 2023, in order to benefit

Here’s the best way to know if you need to act before the end of 2023 April 2024 in order to qualify for the count adjustment:

The VIN Foundation Student Debt Center and special Student Debt Message Board areas are available for veterinary students and veterinarians looking for help with their student loans and repayment options. 

1999 DVM may save more than $65,000 in student loan costs
Check out the video case study to learn how.


Got Consolidation Confusion?
Read this post on the most common consolidation questions.

If you have any student loan repayment questions, the best way for you to get answers is to visit the Student Debt Help page.

One-time Forgiveness Count Adjustment Student Loan Repayment Resources:

The helpful three part student loan series Apply Smarter, Borrow Better and Repay Wiser is part of the VIN Foundation Student Debt Center. The VIN Foundation Student Debt Center is a mobile-friendly comprehensive resource helping veterinary students, veterinarians, and those who support them manage student debt through school and beyond. Explore the VIN Foundation Student Debt Center.

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