Debt Ceiling Agreement Mostly Good for Student Loan Borrowers
Congressional Republicans wanted to prevent the one-time forgiveness program, and immediately end the payment and interest pause.
Congressional Republicans wanted to prevent the one-time forgiveness program, and immediately end the payment and interest pause.
For decades, Democrats and Republicans largely agreed on many student loan issues. Today, they have little common ground.
In most cases, waiting for the newest IDR repayment plan to be available is a mistake. Delays offer few advantages and come with significant disadvantages.
Congressional Replublicans’ plans to prevent student loan cancellation are almost certain to fail.
40,000 borrowers are about to get their remaining student loan balance forgiven, and millions more will move closer to IDR loan forgiveness.
Nailing down the exact date of the repayment restart isn’t easy, but we know enough to have a pretty good idea of when that first bill will be due.
SoFi’s decision to file a lawsuit to end the student loan pause seems like a questionable business decision, but it puts Joe Biden in a win-win situation.
A new Department of Justice policy will make it significantly easier for federal borrowers to get bankruptcy relief on their student loans.
There is a lot to like about the proposed new IDR plan, but a closer inspection shows some room for improvement.