The Education Department submitted an update on its processing for student loan income driven repayment (IDR) plan applications in a court filing on Monday as the Trump administration takes criticism on its pace. Education Secretary Linda McMahon said that ...

Some student loan borrowers have had monthly payments as low as $0 as part of the SAVE plan, which was introduced in 2023. It considers the borrower’s income and family size to determine the monthly payment due and was intended to make repaying student loans more affordable, but it quickly faced pushback.

Forbes contributors publish independent expert analyses and insights. Adam Minsky is an attorney and writer focusing on student loans. The Department of Education updated key guidance this month to reflect an anticipated timeline for changes to a critical ...

A key office in the Department of Education responsible for fielding grievances about student loans has a backlog of more than 27,000 complaints after losing nearly two-thirds of its staff. The department revealed the pileup in a July 21 letter to Sen.

The US Department of Education has halted the cancellation of student loans in Income-Based Repayment plans, prompting concern among borrowers that their loans will not be forgiven anytime soon. The department posted a notice of the pause in an FAQ on its ...

Federal student loans will continue to accrue interest during shutdown. FAFSA opened on Sept. 24 and applications are still being processed. Pell Grants and federal student loans will continue to be disbursed The U.S. Department of Education is working ...

The U.S. Department of Education has issued an update on its progress in processing student loan income-driven repayment plan applications. This update was submitted in response to a lawsuit from the American Federation for Teachers, which claims the ...