A popular student loan forgiveness plan was just paused
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The Education Department has paused student loan forgiveness under the Income-Based Repayment (IBR) plan without a clear timeline of when it might resume. The department argues any IBR
Months later, the Education Department has unveiled drafted plans for the student loan forgiveness program that does just that. Proponents claim the proposed legislation would give one person unilateral power to remove organizations’ eligibility from the program as a form of political retaliation.
Education organizations told Sen. Elizabeth Warren that Trump's plans to dismantle the Department of Education will harm student-loan borrowers.
The agency must establish two new student loan repayment plans and set up new borrowing limits for graduate students.