The SAVE plan, which was designed to ease the financial burden on millions of federal student loan borrowers, has been discontinued. This means that those who were benefiting from this income-driven repayment plan will soon face higher monthly payments. The pause on payments is expected to last until at least December of this year, but some experts predict it could e...

The student loan landscape has become a maze of uncertainty. Borrowers are facing a mix of resumed collections, legal hurdles, and departmental changes. The U. S. Education Department has restarted involuntary collections on defaulted loans, affecting about 5. 3 million people. This means some borrowers might see their wages garnished by the government. The governme...

The Education Department has reopened the online gateway for income-driven repayment plans for student loans. This move comes after a court decision in February that temporarily halted the Biden administration's Saving on a Valuable Education Plan and parts of other income-driven repayment plans. The shutdown had made it tough for those already in repayment plans to ...

The recent changes to student loan policies have left many borrowers in a tough spot. Nearly 43 million Americans with federal student loan debt are now facing a significant increase in their monthly payments. This change comes as a result of the Trump administration's overhaul of the education system. The administration has closed applications for all income-driven...