It’s too early to know how the changes will impact borrowers, but the announcement will come amid confusion surrounding ...
This move to gather feedback may be in response to President Donald Trump's March 7 executive order to limit eligibility for ...
The Department of Education took a key step to initiate a process that could result in major changes to federal student loan ...
Sens. Jeff Merkley and Tim Kaine led an effort to strengthen and expand the SAVE student-loan repayment plan while the GOP ...
Federal student loan borrowers should start repaying their loans so as not to affect their credit scores. A pause on credit ...
After months of Republican backlash against a Biden-era plan, the Department of Education suspended four of the agency’s ...
Income-Contingent Repayment (ICR)—determines payments as either 20 percent of discretionary income or a fixed amount over 12 ...
After payments resumed, the volume of past due federal loans quickly returned to pre-pandemic levels and reached a new high ...
Borrowers can apply for income-driven repayment plans again, but servicers aren’t yet permitted to process these applications ...
Last month, a federal judge halted the Biden administration's SAVE plan, an income-driven student loan replacement program serving 8 million borrowers.
The Education Department announced public hearings to discuss streamlining Public Service Loan Forgiveness and income-driven repayment.
Eight million federal student loan borrowers are waiting for the courts to decide if their repayment plan is legal at the ...