Partial Loan Forgiveness Could be the Next Big Student Loan Policy Change
Relief could be coming for borrowers facing out of control student loan balances.
Relief could be coming for borrowers facing out of control student loan balances.
The Supreme Court struck down the plan to forgive up to $20,000 per borrower, but the hope for debt cancellation is far from over.
Republicans in Congress proposed five new pieces of legislation to overhaul student loan policy in the US.
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.