Education Department to Reopen Income-Driven Repayment Applications

Reported 4 days ago

The Department of Education is set to reopen applications for income-driven repayment programs on Wednesday, after weeks of access being blocked. Borrowers will have the opportunity to enroll in plans that tie their monthly payments to earnings, following a federal court's decision that previously halted the online application process. Although some new plans from the Biden administration won't be available, the reopening will allow many borrowers to manage their loans effectively.

Source: YAHOO

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