Until now, Income Driven Repayment (IDR) plans have required borrowers to pay 10% of their discretionary income, which is generally defined as all taxable income above 150% of the poverty line. The …
7 Key Takeaways from Biden’s Huge Student Loan Forgiveness Plan
President Biden announced this week plans for sweeping student loan relief, which would result in unprecedented wide-scale student loan forgiveness. "Earning a college degree or certificate should …
Education Department Releases Details on “Fresh Start” Opportunity for Defaulted Federal Student Loan Borrowers
This week, the Education Department released new, comprehensive information on an initiative designed to help federal student loan borrowers who have been in default on their loans. Here are the …
Doctors’ Repayment Assistance Program Needs Changes, Advocates Advocate
This week, a student loan advocacy group and several medical professionals filed a rulemaking petition with a federal agency, calling for sweeping changes to a controversial student loan repayment …
Biden Administration Delays Release of New Income-Driven Repayment Plan
The Biden administration announced the week of July 18, 2022, that it is delaying the release of a new income-driven repayment (IDR) plan that could provide borrowers with more affordable monthly …
3 Key Public Service Loan Forgiveness Developments
Public Service Loan Forgiveness, a critical federal student loan forgiveness program for borrowers working in public service jobs, has been in the news a lot lately. Keeping track of all the new …