How the Biden Administration is Updating IDR Payment Counts
40,000 borrowers are about to get their remaining student loan balance forgiven, and millions more will move closer to IDR loan forgiveness.
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.
Many significant rule changes have happened during the Covid-19 payment and interest pause. Some of these changes have been well publicized, while others got little attention.
Borrowers have many reasons for optimism about life with student loans in 2023.
Losing in the Supreme Court would be a huge blow to student loan borrowers, but it wouldn’t mean the end of loan forgiveness.
Once again, federal student loan borrowers face an uncertain future. President Biden’s recently announced forgiveness program may not happen.