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Trump's Department of Education said it is temporarily pausing student-loan forgiveness under IBR plans to comply with ...
Amid a federal overhaul of student loan plans, many borrowers have been left wondering what it means for their hopes of loan ...
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Blavity on MSNStudent Loan Forgiveness Suspended Under Income-Based Repayment Plans: Here’s What That MeansThe Department of Education, under the Trump administration, announced a new development involving the suspension of student ...
If borrowers don't act before July 2028, however, they'll be automatically enrolled in a new income-based repayment program called the Repayment Assistance Plan, or RAP.
Their main option is Income-Based Repayment, or IBR, which is the one remaining income-driven repayment option that survived Trump’s “big, beautiful” bill, signed into law last week.
Roughly 8 million student loan borrowers will see their interest charges restart next month, according to a source familiar.
The proposed bill would replace Biden-era income-driven repayment plans like SAVE with a new repayment assistance plan, and it would cap undergraduate federal loans at $50,000.
One program pushed by the administration is the income-based repayment assistance plan. That program was launched under the latest budget proposal, passed by Congress last week and signed by Trump.
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