There are two types of FFELP loans: commercially owned and federally owned. Borrowers with FFELP loans may want to consolidate to take advantage of more student loan benefits including Saving on a Valuable Education income-driven repayment and Public Service Loan Forgiveness. The education department ...
Federally-held FFELP loans will qualify for the one-time forgiveness program. FFELP Consolidation and Biden’s One-Time Forgiveness As of right now, the stated policy of the Department of Education is that commercially-held FFEL loans are not eligible for the one-time forgiveness. Additionally, ...