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In the news. As of July 19, 2024, all student loan payments under the SAVE Plan has been put on hold due to an ongoing appeals process as Republican-led states challenge the plan’s legality.
Student loan borrowers can now apply for what the Biden administration called "the most affordable repayment plan in history."The Education Department this week released an updated beta version of ...
In the news. Another sweeping student debt relief measure was announced for 160,500 borrowers on May 21, 2024. Thanks to fixes made to existing federal programs, certain individuals enrolled in ...
These alternatives include an income-driven repayment (IDR) strategy created to cut many borrowers’ monthly payments to $0 (the Saving on a Valuable Education [SAVE] plan), and a narrower ...
The U.S. Department of Education Office of Inspector General calculated that the portion of total Direct Loan volume being repaid through IDR plans has increased 625 percent from the FY 2011 loan cohort ($7.1 billion) to the FY 2015 loan cohort ($51.5 billion). For IDR plans, the Federal government is expected to lend more money than borrowers ...
(The Center Square) – A U.S. appeals court killed President Joe Biden’s SAVE plan to cancel hundreds of billions of dollars in student loan debt. Though Biden is out of office, the legal ...
The Biden administration has discharged another $1.2 billion in student loan debt under a key provision of the Saving on A Valuable Education, or SAVE income-driven repayment plan.. Last month ...
The official application for the Department of Education's more affordable income-driven repayment plan for federal student loans opened Tuesday at StudentAid.gov.. The launch of the application ...