Tag

Ibr Plan

All articles tagged with #ibr plan

education5 months ago

Education Department Suspends IBR Student Loan Forgiveness

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.

education5 months ago

Recent Changes and Challenges in Federal Student Loan Policies

The One Big Beautiful Bill Act, signed into law on July 4, 2025, introduces immediate changes to federal student loan programs, including removing the partial financial hardship requirement for income-based repayment plans, allowing certain consolidation loan borrowers to enroll in IBR, reducing annual loan limits for part-time students, and amending the Public Service Loan Forgiveness program to include payments under the new Repayment Assistance Plan. It also delays the implementation of certain Biden Administration regulations related to borrower defense and closed school discharges, restoring previous regulations for loans before July 1, 2035.