Education Department Suspends IBR Student Loan Forgiveness

1 min read
Source: Forbes
Education Department Suspends IBR Student Loan Forgiveness
Photo: Forbes
TL;DR Summary

The Department of Education has paused student loan forgiveness under the Income-Based Repayment (IBR) plan due to system updates related to court injunctions affecting other income-driven plans. Despite IBR being legally separate and not currently challenged in court, the department is not processing forgiveness, causing concern among borrowers eligible for discharge. The suspension is linked to broader disruptions in federal student loan programs, with upcoming legislative changes expected to alter repayment options and forgiveness policies.

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