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Eugene

(64,190 posts)
Fri Mar 14, 2025, 03:00 PM Mar 14

Some student loan repayment plans have been suspended. Here's what borrowers should know

Source: Associated Press

Some student loan repayment plans have been suspended. Here’s what borrowers should know

By CORA LEWIS
Updated 12:01 AM EDT, March 14, 2025

NEW YORK (AP) — The Trump administration’s recent changes to student loans are causing frustration and confusion for some borrowers.

In response to a February court ruling that blocked some Biden-era programs, the Education Department has taken down online and paper applications for income-driven repayment plans.

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Check with your loan servicer and know your options

All borrowers currently enrolled in income-driven repayment plans should “get a sense of when your recertification deadline is and get a sense of what options are available to you if the form is not available online to recertify your income,” Bañez said.

Recertification confirms a borrower’s financial situation. With some forms not currently available, borrowers who are unable to complete that process could be in jeopardy.

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Read more: https://apnews.com/article/student-loan-repayment-trump-9fb6287fe52ed0be73719b53dd5bf90d

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