The act only leaves borrowers with a standard repayment plan, which includes 10-25 years of repayments depending on the loan ...

Education Secretary Linda McMahon, in a statement, urged "all borrowers in the SAVE Plan to quickly transition" to a ...

The Education Department said on Wednesday it would resume applying interest on Aug. 1 to federal student loans of nearly ...

As of Jan. 16, 2025, 1.45 million student loan borrowers got forgiveness through the one-time IDR account adjustment. If you didn’t receive forgiveness this time around, apply for an IDR plan to ...

The department urges all borrowers in the SAVE plan to quickly transition to a legally compliant repayment plan,” Secretary of Education Linda McMahon said in a news release.

Starting August 1, interest resumes for 8 million SAVE plan borrowers, ending the relief period and raising financial stress ...

Student loan forbearance temporarily stops or lowers student loan payments. Because of its costs, only use forbearance if you have short-term issues and no other choice.

Analysis projects that a typical borrower will be forced to pay more than $3,500 per year, or $300 per month, as interest ...

Starting in August, nearly 8 million student loan borrowers will see interest charges resume on their loans, following a decision by the Trump administration. These borrowers, enrolled in the Saving ...

The Student Debt Crisis Hits Hard Another significant development for consumer spending power is the return of student loan delinquencies. After a 43-month payment pause, nearly one in four student ...

The latest version of the Senate's federal budget reconciliation bill would limit the availability of student loans for future borrowers by revising federal student loan programs.