There has been a lot of uncertainty involving income-driven student loan repayments. Here is what is known about the program.

Roughly 10 million borrowers (1 in 4) could default by the end of this summer, according to an Education Department ...

The Department of Education put IBR forgiveness on hold but says it's temporary. Here's when forgiveness could resume and ...

Any student loans left on the SAVE plan will start accruing interest on Aug. 1, but they'll remain in a general forbearance.

At the end of next week, nearly 7.7 million student loan borrowers who have been in a zero-interest forbearance under the ...

Millions of student loan borrowers now face new uncertainty due to halted forgiveness benefits under income-driven repayment ...

Nearly 8 million student loan borrowers in the federal program known as SAVE will see interest start to rack up again on Aug. 1, the Trump administration announced this week. Education Secretary ...

Repayment plan options The One Big Beautiful Bill Act phases out a number of existing federal student loan repayment plans, including the SAVE, PAYE, IBR and ICR.

After the Supreme Court blocked former President Joe Biden’s broad student loan forgiveness plan, his administration created SAVE in August 2023, a repayment plan designed to drastically lower ...

Those with student loans can compare repayment plans at the Education Department's loan simulator. As of 2024, more than 912,000 people in Arizona held an overall total of around $32.4 billion in ...

“The department urges all borrowers in the SAVE plan to quickly transition to a legally compliant repayment plan,” Secretary of Education Linda McMahon said in a news release.