The Education Department reopened the application for all income-driven repayment (IDR) plans on Mar. 26, after a month-long suspension that blocked federal student loan borrowers from enrolling ...

Student loan borrowers might have to wait two years to get their repayment plan applications approved as the Department of Education deals with a massive income-driven repayment (IDR) plan backlog ...

Nearly 2 million federal student loan borrowers who've requested to be in an affordable repayment plan are stuck in a backlog of applications, waiting to be approved or denied, according to new ...

The U.S. Education Department has reopened online applications for income-driven repayment plans for student loan borrowers. The applications were taken down in response to a February court ruling ...

Since 2020, collections on student loans have been paused. Currently, 5 million borrowers are in default, which is when a borrower hasn’t paid on his or her loan in over 270 days.

The Department of Education said Wednesday it would restart interest payments next month for about 8 million student loan borrowers on the Saving on Valuable Education plan. The SAVE plan was ...

NEW YORK — Starting Monday, the Education Department says student loans that are in default will be referred for collections. Roughly 5.3 million borrowers are in default on their federal ...

In the May court document, the Education Department disclosed that more than 1.98 million IDR applications remained pending as of the end of April. Only roughly 79,000 requests had been approved ...