Student Loan Chaos: What the Shutdown of IDR Applications Means for Borrowers
The Department of Education abruptly removed online applications for Income-Driven Repayment (IDR) plans, causing confusion among borrowers. Legal challenges question the department’s authority to implement repayment programs like the SAVE plan, currently blocked by the 8th Circuit Court of Appeals. Borrowers tied to the SAVE plan face uncertainty, with a potential shift to traditional or … Read more