[Jamie]

I am confused about something regarding the student loan IDR one time adjustment.  Just a bit of background – I consulted with Student Loan Planner after hearing Travis on the podcast just over a year ago.  The rules of the game of debt forgiveness seem to keep shifting and a lot has changed since that time.  I have heard a couple of places that the federal government is adding on the equivalent of 3 years of payment to this one time adjustment for every borrower.  Does anyone know if this is true or is only true in some cases?

From SLP: The IDR Waiver is a one-time account adjustment by the Department of Education. It gives federal student loan borrowers credit toward forgiveness. All Direct Loan program borrowers, including graduate and Parent PLUS Loan holders, will receive at least three years of credit toward forgiveness.

[Holly]

I would also say it would def depend on each individual person from what I’ve heard and read. I’m pretty up to date on student loans bc I have some still.

[Kathryn]

Is the information regarding 3 years of credit listed anywhere from a government source? Skeptical of information coming only from a consultation service.

[Author]

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