Trump Team Suspends Student Loan Forgiveness Programs Amid Growing Backlog

1 min read
Source: Mint
Trump Team Suspends Student Loan Forgiveness Programs Amid Growing Backlog
Photo: Mint
TL;DR

The Department of Education has temporarily suspended student loan forgiveness under the Income-Based Repayment (IBR) plan due to system updates related to court challenges, with forgiveness expected to resume once updates are completed. The IBR plan, which adjusts payments based on income and family size, is currently the only income-driven repayment option not facing legal disputes.

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