Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations. The U.S. Education Department offers several income ...

The paper application that allows borrowers to enroll in income-driven repayment (IDR) plans quietly returned online to the Forms Library after being unavailable for several months. The U.S ...

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 IDR account adjustment gives forgiveness to 1.45 million borrowers. You can still apply for an IDR plan to keep earning forgiveness credit. Many, or all, of the products featured on this page ...

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 ...

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.

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 ...

The Department of Education (ED) said IDR borrowers won't have to recertify their incomes, or provide their latest income information, until "late September 2024, at the earliest." Previously ...

Income-Driven Repayment (IDR) plans provide affordable monthly student loan payments by basing the payments on a portion of the borrower’s discretionary income, as opposed to the amount they owe.

The move will erase $39 billion in federal student loan debt. Borrowers, advocates and journalists have warned for years of these IDR failures. While IDR rules have long promised a borrower's loan ...

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 ...

These borrowers have been in income-driven repayment (IDR) plans for more than 20 years and "never got the credit they earned" under IDR plans, the White House said in a statement Monday.