student

Key Points The Department of Education walked back a court filing that suggested spousal income would be included for borrowers who file taxes separately. The actual change involves how family…

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.…

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…

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…

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,…

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…

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…

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…

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…

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)…