I recently graduated college in the US, and my loans went into COVID-19 forbearance. I'm not required to make payments until January 2021, but I have been witling away at them for a few months since graduating. My loans have only accrued minimal interest. I have a combination of subsidized, unsubsidized, and parent plus loans.
I'm looking into repayment options for when forbearance ends, and based on my situation (salary, 401k, dependents, etc.), studentaid.gov told me that the repayment plan that would let me pay my loans off fastest is Income-Contingent Repayment (ICR).
As part of the plan, I would need to consolidate several of my loans into one. It seems like consolidating wouldn't have any serious consequences, but I'm cautious to do so with the possibility that some student debt would get forgiven under President-Elect Biden's administration. I'm not holding my breath that it would actually happen, but would consolidating my loans disqualify me from receiving this kind of aid? My sister consolidated her loans into a personal loan, which disqualified her from the COVID-19 forbearance, so I'm worried about being subjected to a similar disqualification. Thank you for your help!