"According to multiple reports, the U.S. Department of Education will soon reopen applications for particular income-driven repayment plans, ending a freeze that left millions of student loan borrowers in limbo," Forbes reports.

... "The SAVE plan (and any version of REPAYE) will remain inaccessible until the legal battle is resolved or the department finds a compliant way to offer it. The Education Department has indicated it is exploring an alternative version of SAVE that meets the court’s requirements, but it 'does not expect that work to be completed until 'well into 2025’', according to the National Association of Student Financial Aid Administrators. In the interim, only the older IDR plans – which have higher payment formulas or less generous interest subsidies – are being reopened for enrollment."

NASFAA's "Notable Headlines" section highlights media coverage of financial aid to help members stay up to date with the latest news. Articles included under the notable headlines section are not written by NASFAA, but rather by external sources. Inclusion in Today's News does not imply endorsement of the material or guarantee the accuracy of information presented.

Publication Date: 3/26/2025