urbazonSome student loan borrowers have until the end of Tuesday to take advantage of an opportunity to get their debt forgiven sooner than they would have otherwise.
If these borrowers are enrolled in an income-driven repayment plan, it can mean that they're also on multiple different timelines to forgiveness.
"This will ensure folks get the maximum number of months of credit towards student debt cancellation," Fox said.
Usually, a student loan consolidation restarts a borrower's forgiveness timeline to zero, making it a terrible move for those working toward cancellation.
You can apply for a Direct Consolidation Loan at StudentAid.gov or with your loan servicer.
Persons:
Jane Fox, Fox, Mark Kantrowitz, Kantrowitz
Organizations:
Biden, Finance, Cash, Family, Parent, Perkins, CNBC