Income Driven Repayment Program Changes

On April 19, 2022, the U.S. Department of Education (ED) announced several changes and updates that will bring borrowers closer to forgiveness under income-driven repayment (IDR) plans. These adjustments to borrower accounts include conducting a one-time revision of IDR payment counters. ED will begin work on implementing these changes immediately. If you have KHESLC Federal Family Education Loan Program (FFELP) loans, you can only benefit from the IDR account adjustment if you apply for a Direct Consolidation Loan by April 30, 2024, to get the full benefits of the one-time account adjustment. The information provided from the Department of Education can be reviewed at: https://studentaid.gov/announcements-events/idr-account-adjustment