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IDR Recount — Yes it’s Real! Here’s a sample:

Dear X,

Congratulations! The Biden-Harris Administration has forgiven your federal student loan(s) listed below with Nelnet in full.

This debt relief was processed as part of the Biden-Harris Administration’s one-time account adjustment because your student loan(s) have been in repayment of at least 20 or 25 years. An adjustment to your account updated the number of payments that qualify towards income-driven repayment (IDR) forgiveness. This forgiveness is effective as of 05/15/2020.

Loan Program Disbursement Date Original

Principal Banance

DIRECT CONSOL 05/15/20 $424,214.20


Log in to your account for details.


Here are some important points on this IDR forgiveness:

  • Due to the American Rescue Plan Act of 2021 the balance of your loans that were forgiven is not considered taxable income for federal income tax purposes. Since state and local tax implications will vary, we recommend you contact a tax advisor for more information.


  • Not all your federal student loans may be represented in the table above as you may have begun repaying each loan on a different date. If you have federal student loans that are not included in the table, please continue to make payments on them. Payments are not required until after the payment pause ends at the end of August. Your first payment will be due in October 2023. To find options to help with repayment, visit


  • We have notified, or will notify by the end of the month, all national credit bureaus of your student loan forgiveness.


  • If applicable, we’ll process a refund for any payments made towards the loans listed above after the effective date of this forgiveness.


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