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IncomeDriven

Education

Biden-Harris Administration Launches Most Affordable Repayment Plan Ever, Transforming Income-Driven Repayment by Cutting Undergraduate Payments in Half and Preventing Unpaid Interest Accumulation

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The Biden-Harris Administration today announced that it has fully launched its updated income-driven repayment application tool on StudentAid.gov and that student loan borrowers...
Education

Biden-Harris Administration Begins Discharges for 804,000 Borrowers with $39 Billion in Automatic Loan Forgiveness as a Result of Fixes to Income-Driven Repayment Plans

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The U.S.Department of Education today announced that automatic discharges will begin for 804,000 borrowers who qualify for $39 billion in student loan...
Education

Biden-Harris Administration Releases State-By-State Data on $39 Billion in Loan Forgiveness for 804,000 Borrowers as a Result of Fixes to Income-Driven Repayment Plans

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Last week, the Department of Education began notifying impacted borrowers they were eligible for automatic loan relief    The U.S. Department of...
Education

New Proposed Regulations Would Transform Income-Driven Repayment by Cutting Undergraduate Loan Payments in Half and Preventing Unpaid Interest Accumulation

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Today, the U.S. Department of Education (Department) proposed regulations to reduce the cost of federal student loan payments, especially for low and middle-income...

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