In the latest twist to the nation’s student debt crisis, the U.S. Department of Education has quietly suspended student loan forgiveness under the Income-Based Repayment (IBR) plan, Forbes reports.

The Department of Education announced its suspended student loan forgiveness under the Income Based Repayment plan to update agency systems. IBR offers affordable options for borrowers to pay back ...

NEW YORK (AP) — Amid a federal overhaul of student loan plans, many borrowers have been left wondering what it means for their hopes of loan forgiveness. In particular, those who are enrolled in a ...

Key Points ・The SAVE repayment plan is officially cancelled but borrowers are waiting for a date on when the administrative ...

Tiffany Wendeln Connors is a senior editor for CNET Money with a focus on credit cards. Previously, she covered personal finance topics as a writer and editor at The Penny Hoarder. She is passionate ...

The U.S. Department of Education has temporarily paused debt forgiveness under a popular repayment plan for student loan borrowers. Congress created the first IDR plans in the 1990s to make student ...

WASHINGTON, DC - OCTOBER 09: U.S. President Joe Biden delivers remarks on October 09, 2024 in Washington, DC. (Photo by Anna Moneymaker/Getty Images) With the recent news that the Education Department ...

Forbes contributors publish independent expert analyses and insights. Adam Minsky is an attorney and writer focusing on student loans. The Education Department on Monday officially implemented a ...

Recently, student-loan borrowers on income-based repayment plans may have received notifications from the department indicating that they've met the payment threshold and qualify for debt cancellation ...

There are an estimated 2 million borrowers who are currently enrolled in IBR. Many of them are approaching forgiveness but face delays and may still be required to make monthly payments even if they ...