Student loan debt collection resumes on May 5. Here's how borrowers can prepare to repay loans and get lower monthly payments.

The paper Income-Driven Repayment (IDR) application is back online, but the SAVE plan has been removed. ・The Department of Education launched negotiated rulemaking to revise PSLF under President ...

DjelicS / Getty Images The United States Department of Education reopened the application for income-driven repayment (IDR) plans on March 26, 2025, after having suspended it in February.

Ashley Parks is an Associate Editor at Newsweek based in North Carolina. Her focus is on personal finance, particularly covering debt, banking and Gen Z money. Ashley joined Newsweek in 2024 after ...

The future of income-driven repayment (IDR) plans is in doubt after the Department of Education shut down applications on Friday. The decision to cease applications came after the 8th Circuit ...

IDR plans are student loan repayment programs that cap monthly payments based on a percentage of the borrower's income. It's been an alternative option for borrowers enrolled in the Saving on a ...

For many student loan borrowers, income-driven repayment (IDR) plans can make monthly payments much more manageable. Rather than simply divvying up the total owed across the loan term, IDR plans ...

The applications were put on pause after a federal appeals court ruled the Biden administration’s Saving on a Valuable Education (SAVE) income-driven repayment (IDR) plan was illegal.