The deadline for student loan forgiveness is June 30th.

The deadline for student loan forgiveness is June 30th. Student loan debt affects over 43.2 million Americans and student loan debt balance in the U.S. now totals over $1.77 trillion, according to the Federal Reserve. Here’s what you need to know about the approaching deadline:

The Department of Education has been reviewing all the past payments for borrowers since May 1 as part of the one-time program that will help categorize the payments that will count towards forgiveness programs, such as income-driven repayment plans like SAVE and the Public Service Loan Forgiveness Program. Now, if you have a federal student loan that is not eligible for any forgiveness program, you can try consolidating it into a new direct program which could help you get the debt relief. You can apply for that till June 30. via MSN

The U.S. Department of Education’s June 30 deadline is important because borrowers who submit their applications by then would become eligible to receive credit for past years of repayment, which was not included earlier, via CNBC.

Get more information and apply at Home | Federal Student Aid