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Borrowers who have refinanced federal loans into private loans are ineligible for forgiveness.
See Insider's picks for the best student loan refinance lenders >>What is Biden's student loan forgiveness plan?
Federal student loans you've refinanced are not eligible for forgiveness under Biden's debt relief plan.
Types of student loans that are eligible for forgivenessThe Education Department maintains a list of eligible student loans on its website, which includes the following:Federal Direct Loans — subsidized, unsubsidized, PLUS loans, and consolidation loansFederal Family Education Loan (FFEL) Program loans (ended in 2010)Federal Perkins Loan Program loans (ended in 2017)Education Department-held defaulted loansAll loans funds must have been received on or before June 30, 2022.
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