Student Loan Default and Delinquency Consequences Return
Federal student loan payments officially resumed over a year ago, ending over three years of paused payments to provide borrowers relief during and following the COVID-19 pandemic. Beginning this month, the full consequences for late payments will take effect,...
Student Loan Repayment Updates for End of Year
Borrowers should expect updates to student loan repayment plans and forgiveness policies when the Trump administration takes over next year. This year has seen much back-and-forth regarding student loan relief efforts, leaving borrowers confused about their options....
Two Income-Driven Repayment Options are Returning
Income-driven repayment (IDR) plans provide federal student loan borrowers with a sustainable way to lower their monthly payments. Among IDR plans, Pay As You Earn (PAYE) and Income-Contingent Repayment (ICR) became popular options to help borrowers reach forgiveness....
Student Loan Policy Changes Expected Under the New Republican Administration
The 2024 election has handed control of the White House and Senate to the Republican Party, with a potential GOP majority in the U.S. House of Representatives. The incoming administration is expected to introduce federal student loan policy changes to undo forgiveness...