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 consolidate before the implementation of these changes is complete, which is estimated to be no sooner than Jan. 1, 2023. The information provided from the Department of Education can be reviewed at: https://studentaid.gov/announcements-events/idr-account-adjustment