Millions of SAVE borrowers seeking forgiveness have been encouraged to move their loans to an Income-Based Repayment plan-- especially since their loans will start accruing interest in about a week.

・Borrowers with federal loans issued after July 1, 2026, will choose between the new Standard Plan or a new income-based option called the Repayment Assistance Plan (RAP). ・Existing borrowers must ...

The US Department of Education has halted the cancellation of student loans in Income-Based Repayment plans, prompting concern among borrowers that their loans will not be forgiven anytime soon. The ...

The Department of Education announced its suspended student loan forgiveness under the Income Based Repayment plan to update agency systems. IBR offers affordable options for borrowers to pay back ...

The U.S. Department of Education has temporarily paused debt forgiveness under a popular repayment plan for student loan borrowers. In an FAQ on Studentaid.org, the department states that loan ...

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NEW YORK (AP) — Amid a federal overhaul of student loan plans, many borrowers have been left wondering what it means for their hopes of loan forgiveness. In particular, those who are enrolled in a ...

If you're one of the millions of student loan borrowers relying on the Income-Based Repayment (IBR) plan for forgiveness, we’ve got some frustrating news. The Department of Education (DOE) has ...

One expert said the education department has to "own" and "fix" the problem. The Department of Education has temporarily paused discharges for Income Based Repayment (IBR) plan student loan borrowers ...

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 forbearances ...

Aimee Picchi is the associate managing editor for CBS MoneyWatch, where she covers business and personal finance. She previously worked at Bloomberg News and has written for national news outlets ...