Student Loan Forgiveness 2025 Deadline. You may even receive a refund if you made qualifying payments that exceed the forgiveness. The department said on wednesday that borrowers would now have until june 30 to consolidate commercially held education debt under the federal family.
About 4.75 million borrowers have received $167 billion worth of federal student loan forgiveness. The department announces the next step toward providing additional debt relief to tens of millions of borrowers this fall.