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...
SAVE Plan’s Legal Jeopardy Continues and Joint Consolidation Loan Separation
Student Loan Forgiveness Court Challenges Continue Last week, the 8th Circuit panel of judges questioned the Biden administration’s authority under the Higher Education Act to grant debt forgiveness in the Saving on a Valuable Education (SAVE) plan. The SAVE...
Student Debt Relief Based on Hardship: New Rules Proposed for 2025
The Biden Administration continues to push new student debt relief efforts. On October 25, the U.S. Department of Education released a press release announcing a set of proposed rules that, if finalized, would authorize student loan forgiveness for nearly eight...