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Biden administration extends deadline to consolidate old student loans

More than 3.5 million student borrowers who received financing under a former private program will have more time to consolidate their loans if they want to qualify for a one-time initiative that could erase their debt, said Wednesday the Ministry of Education.

Borrowers receiving federal loans from the Federal Family Education Loan (FFEL) program will have until June 30 to consolidate, 60 days longer than originally planned, the Department of Education said.

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News Source : www.washingtonpost.com

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