#income-driven-repayment

#income-driven-repayment

Education Department pauses payments for millions amid legal challenges, reconfiguring options after court injunction against Biden's Save plan.

The Department of Education has withdrawn two proposed plans for student debt relief, focusing instead on existing priorities and managing repayment transitions.

The SAVE plan provided essential financial relief for retirees like Sue, but its future is now uncertain due to legal challenges.

President Biden is introducing a new plan to reduce or eliminate federal student loan balances for millions of borrowers.

The plan includes forgiving accrued interest, targeted debt cancellation, and automatic loan forgiveness for eligible borrowers.

MOHELA faced penalties for failing to process income-driven repayment applications, affecting thousands of borrowers' ability to secure affordable payments.

The 8th Circuit blocked the SAVE student-loan repayment plan entirely.