Federal Family Education Loan (FFEL) borrowers whose FFEL loans have been transferred to the Department of Education for servicing (so they are federally held) and have a first disbursement on or before June 30, 2022 are eligible.
Borrowers with privately held federal student loans, including FFEL, Perkins, and HEAL programs, are not eligible for the one-time loan forgiveness.
Borrowers who applied to consolidate their privately-owned FFEL and Perkins loans with a Federal Direct Consolidation loan before September 29, 2022 are eligible to receive the one-time loan forgiveness. As of September 29, 2022, Federal Direct Consolidation will no longer qualify privately-owned FFEL and Perkins loans for the one-time loan forgiveness. However, FFEL Joint Consolidation Loans, which are often referred to as spousal consolidation loans, are not eligible for consolidation into the Direct Loan program under current law.
If you are not sure if your loan is a privately-owned FFEL loan you can go to Studentaid.gov and sign in with your FSA ID. Then, go to the “My Aid” tab, and search for your loan details.