In response to a number of court orders in two lawsuits brought by state attorneys general, the Department of Education has put all borrowers in the SAVE plan into a […]
By: Kendra Cobb* Last month marked the 25th anniversary of the first income-driven repayment (IDR) plan: the Income-Contingent Repayment Plan (ICR). This means that student loan borrowers who entered ICR […]
The U.S. House Committee on Education and the Workforce held a hearing this past week examining mismanagement in the federal student loan rehabilitation process. The hearing coincided with a damning report […]
Over 6 million borrowers are in default on their federal student loans. Before the pandemic, these borrowers faced forced seizures of their wages and antipoverty benefits, including through wage garnishment, […]
By Kyra Taylor, National Consumer Law Center and Winston Berkman-Breen, Student Borrower Protection Center This blog is the third post in a three part series about the IDR Account Adjustment and the continued […]
When we released our “Finding a Way Out” report five years ago, we were extremely concerned about the lack of reliable and affordable resources for financially distressed student loan borrowers. […]
If you decide that an IDR plan is no longer right for you, you may be able to switch to a different plan. Use the Department of Education’s Loan Simulator […]
Note: Big changes are coming to student loan repayment options due to a new law and recent court cases. Key deadlines are approaching for borrowers who want to take advantage […]
G.I. Bill to help pay for college If you have served in the military, you may be eligible for educational benefits under the G.I. Bill to pay for college. There […]
This week, the Department of Education announced that it plans to begin forced collection on federal student loans that are in default as soon as May 5, 2025. That means […]