As the deadline to consolidate FFEL loans to Direct loans in order to receive PSLF forgiveness (OCT 31, 2022), we recommend that borrowers use Nelnet to consolidate rather than Aidvantage or Mohela as Nelnet is currently processing these quicker. The account would then be transferred to Mohela, as the PSLF servicer, once the PSLF certification is filed.
It’s also quicker to do so online if possible.
The language used by the Department of Education makes it appear as though you must have a Direct loan to be considered for the limited PSLF waiver, not that an application has been filed.
“To be considered for the limited PSLF waiver, you must have a Direct Loan. If you don’t, you have until Oct. 31, 2022, to consolidate your loans into a Direct Loan.” Source: https://studentaid.gov/articles/take-advantage-pslf-waiver/. It is commonly believed that the funding date toward the end of the application process is the date an actual Direct Loan is created.
Elsewhere on studentaid.gov, it states “apply by October 31.”
So until we have clarification, to be safe, apply for a consolidation 30-45 days before the October 31 deadline. Also, as we approach the deadline, more borrowers may be applying and the processing time could take longer.