NYSUT members with Federal Family Educational Loan (FFEL) Program loans must consolidate into a Direct Consolidation Loan by Dec. 31, 2023, in order to qualify for the one-time Income-Driven Repayment (IDR) Account Adjustment that can help borrowers who are aiming for Public Service Loan Forgiveness (PSLF). Only Direct Loans are eligible for PSLF.
If the consolidation is completed before Dec. 31, 2023, borrowers may get PSLF credit for payments made before the consolidation.
Borrowers can apply to consolidate and start the Direct Consolidation Loan Application here. There is no fee to apply.
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