Borrowers on income driven repayment plans have been waiting for the last month to see if they can keep their monthly payments the same.
Millions of student loan borrowers have gotten temporary relief as income driven repayment (IDR) plan recertification dates have been pushed back.
Borrowers on IDR plans have been waiting for the last month to see if they can keep their monthly payments the same amid President Donald Trump’s decision to dismantle the Department of Education (ED).Why It Matters
Trump directed Education Secretary Linda McMahon to take „all necessary steps to facilitate the closure of the Department of Education and return education authority to the States“, according to the White House.
While shutting down the entire department will require congressional approval, the president’s executive order will „greatly minimize“ the agency, according to White House press secretary Karoline Leavitt.
Borrowers in IDR plans have also seen higher monthly payments amid the changes at the ED, with some reporting monthly payments increasing by hundreds or more.What To Know
Federal Student Aid announced this week new guidance for loan servicers to move their recertification dates back for those affected by the department’s processing pause to at least February 2026.
