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The Education Department says millions of borrowers in default will have a chance to make a payment or sign up for a repayment plan. But on May 5, those who don't will be referred for collection.
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NPR has spent the past few weeks catching up with student loan experts and asking the Trump administration for clarity on some of borrowers' biggest questions.
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Ashley Morgan filed the federal lawsuit after the agency quietly halted access to income-driven repayment plans. Morgan’s payment of $507 per month is skyrocketing to $2,463.
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The cancellation of up to $20,000 of debt would have benefited more than 5 million Texans.
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The court unanimously dismissed on standing grounds a challenge to President Biden's groundbreaking plan to forgive some or all federal student loan debt for tens of millions of Americans.
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The program to erase student loan debts for millions of borrowers hit a brick wall Thursday when it was blocked by a U.S. District Court judge. The administration quickly appealed the decision.
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The Biden administration has quietly changed its guidance to disqualify borrowers who have privately-held FFEL and Perkins loans.
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President Biden announced a sweeping effort to forgive up to $20,000 of federal student loan debt for Pell Grant recipients, and up to $10,000 for other borrowers making under $125,000 a year.
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Income-driven repayment plans were intended to help low-income student loan borrowers, and eventually cancel their debt. New documents paint a breathtaking picture of the program's failure.
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The program's confusing requirements led to crowds of frustrated borrowers being denied debt relief. The department is expected to make immediate, retroactive fixes and to simplify the overall rules.