Department of Education ends student loan repayment plan applications
Share and Follow


NEW YORK (PIX11) — The Department of Education has closed applications for some income-driven repayment plans for student loans, according to its website.

The move comes as a result of a federal court issuing an injunction to prevent the U.S. Department of Education from implementing the Saving on a Valuable Education (SAVE) Plan and parts of other income-driven repayment (IDR) plans.

The SAVE Plan was introduced by former President Joe Biden in August 2023 to drop loan repayments from 10 percent to 5 percent of a borrower’s income.

The ruling from the 8th Circuit U.S. Court of Appeals on Feb. 18 also called for the end of the Income-Contingent Repayment (ICR) and Pay As You Earn (PAYE) plans.

As a result of the ruling, student loan borrowers should expect higher loan payments if they’re enrolled in any of the impacted plans. Additionally, applications that were under review will no longer be processed.

Share and Follow
You May Also Like

Concerns Arise for Mentored Youth as Coles County Program Announces Closure

CHARLESTON, Ill. (WCIA) — After five decades of fostering meaningful relationships between…

Sri Lanka Reveals World’s Largest Purple Star Sapphire Discovery

COLOMBO – In a dazzling revelation from Sri Lanka’s capital, the owners…

Minneapolis Family’s SUV Caught in Tear Gas Clash Between Protesters and Police

MINNEAPOLIS – A Minneapolis family found themselves in a distressing situation when…

Iranians Turn to Turkey’s Border for Internet Access Amid Blackouts

KAPIKOY BORDER CROSSING – While the Kapikoy border crossing in Turkey’s Van…

Tracking the Progress of Trump’s Most Ambitious Promises One Year Into His Second Term

WASHINGTON – During his first year back in office, President Donald Trump…

Tennessee GOP Introduces Comprehensive Immigration Reform Legislation

In a move set to intensify Tennessee’s stance on immigration, state Republicans…

Brace for Impact: Cold Front Unleashes Rain, Wind, and Icy Temperatures

ORLANDO, Fla. – Enjoy the delightful weather on Saturday, as temperatures will…

Unexpected Snowfall in Florida? Discover the Possibilities

ORLANDO, Fla. – Snow in Florida? It may sound unbelievable, yet forecasts…