The federal student loan autopay discount just jumped from 0.25% to 1% — but two traps can wipe out your savings. Here’s what to check before you enroll (and the July 1 sequencing trap if you’re switching to RAP).
The new Repayment Assistance Plan (RAP) launches July 1 with lower monthly payments — but a 30-year term can mean thousands more in interest. Compare total cost first.
Federal student loan changes hit July 1, 2026. What SAVE borrowers must do in the next 3 weeks, the PSLF auto-enrollment trap, and the Parent PLUS deadline that closes June 30.
Navient settlement checks are arriving now — $100 to $2,000 per borrower, no claim form needed. Here’s who qualifies and what to watch for
Two court rulings in 48 hours cleared the path for automatic student loan discharges to proceed for 170,000+ borrowers. The Supreme Court upheld the Sweet v. McMahon settlement, and a federal judge denied the Education Department’s second attempt to delay. Here’s who qualifies and what to do.
The Repayment Assistance Plan (RAP) replaces SAVE, PAYE, and ICR as the new income-driven repayment option starting July 2026. Payments are 1-10% of ALL income with 30-year forgiveness.
Quick Answer: The Biden administration proposed regulations to create the most affordable income-driven repayment plan ever, cutting monthly undergraduate loan payments in half and providing faster pathways to forgiveness for approximately 40 million borrowers.Today, the U.S. Department of Education (Department) proposed regulations to reduce the cost of federal student loan payments, especially for low and …
Quick Answer: The Department of Education’s forbearance relief addresses historical administrative failures by providing immediate debt cancellation for at least 40,000 PSLF borrowers and giving over 3.6 million borrowers additional credit toward income-driven repayment forgiveness. These changes remedy years of mismanagement that previously denied eligible borrowers access to loan forgiveness programs.The Department of Education announced …
Quick Answer: For federal student loan repayment issues, contact the Department of Education for loan rehabilitation or consolidation programs to stop Social Security garnishment. When payments only cover accrued interest without reducing principal, borrowers can consolidate defaulted loans or enter rehabilitation programs to access Income-Driven Repayment plans with potentially zero-dollar monthly payments.Question:Dear Steve,I took a …
Quick Answer: Income-driven repayment plans allow 8.1 million borrowers to make payments based on income rather than loan amount, but virtually none will pay off their debt due to low payments that don’t cover accrued interest. The Department of Education has essentially written off about one-third of the $1.5 trillion in outstanding student loans.Congress has …
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