Comment by scarface_74
20 days ago
https://www.newsweek.com/student-loan-repayment-income-drive...
> The Trump administration has gotten rid of applications for income-driven repayment plans from the federal aid website.
The change occurs as the Eighth Circuit Court of Appeals blocked income-driven repayment plans in its February ruling. That means former President Joe Biden's SAVE plans and PSLF options are no longer available.
The numbers I quoted are still valid. What changed primarily is that it went back to 20 years. Up from 10.
“ Today, the U.S. Department of Education’s Office of Federal Student Aid (FSA) reopened the online income-driven repayment (IDR) plan and loan consolidation applications for borrowers. The application was temporarily paused to comply with the 8th Circuit Court of Appeals injunction issued last month, which directed the Department to cease implementation of the Biden Administration’s Saving on a Valuable Education (SAVE) Plan and parts of other IDR plans. Because the online application incorporated provisions subject to the injunction, it was necessary to revise the form, making it unavailable to borrowers in the interim. Paper loan consolidation applications were available to borrowers during that time.”
http://www.ed.gov/about/news/press-release/us-department-of-...