Key Points The Department of Education has resumed processing IDR applications, but only for some borrowers. The SAVE plan is now absent from the application, following the 8th Circuit injunction.…
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Tag:
student
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Key Points IDR applications reopened after legal pressure, but processing remains paused. Recertification deadlines for many borrowers already enrolled in IBR, PAYE, and ICR have been extended. SAVE plan remains…
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Key Points The Department of Education administers federal student aid, but loan servicing and guarantee tasks involve many separate private contractors. Borrowers often encounter confusion and delays when navigating the…
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Key Points There are renewed calls to end Federal ownership of student loans and revert to a private/commercial student loan lending model. Privatizing federal student loans may cut federal losses,…
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Key Points Borrowers are currently unable to re-certify their income for existing repayment plans, causing payments to spike to Standard 10-Year Repayment Plan amounts. Forbearance may be available, but it…
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Key Points The Department of Education has halted all income-driven repayment (IDR) plan applications, including online and paper submissions, following a court order. Borrowers who missed their IDR recertification deadline…
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Key Points A recent court ruling signals the likely end of the SAVE repayment plan, but legal proceedings are not yet finalized. The Trump administration may keep the plan technically…
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There have been 20 “funding gaps” and 4 full government shutdowns in the last 50 years. The last shutdown happened in December 2018 and January 2019. But the threat of…
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While many types of student loan forgiveness are tax-free federally, several states may levy taxes on student loan forgiveness. Even though some popular programs like Public Service Loan Forgiveness (PSLF)…
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Student loan repayment plans created by Congress are harder to change than those created by the Department of Education. Trump administration policies could easily target plans developed through administrative rulemaking.…
