The first option is called the Repayment Assistance Plan. It would set borrowers' payments at 1% to 10% of their income, depending on their income levels, with a minimum monthly payment of $10.

Student loan borrowers’ options are dwindling, and time is not on their side as the Trump administration turns up the heat to get all borrowers back in repayment. The recently passed “big ...

It's less generous than former President Joe Biden's SAVE plan, which the bill eliminates. SAVE would have allowed borrowers with original balances of $12,000 or less to receive loan forgiveness ...

Student loan borrowers could see their monthly payments spike under President Trump’s “big, beautiful" bill, which would cut down a handful of repayment options to just two.

WASHINGTON – Roughly 8 million borrowers whose student loan payments have been on pause for a year will start to see interest accrue on their debt again in August, the U.S. Department of ...

Borrowers who previously applied for the IBR, PAYE or ICR plans do not need to reapply, according to the Education Department. The latter two plans will, however, be phased out in 2028.

Federal student loan borrowers face changes as the Education Department halts the SAVE Plan, affecting 460,000 people who signed up for the income-based repayment program.

Trump's Education Department is restarting interest charges for student-loan borrowers enrolled in Biden's SAVE plan. Interest is set to start accruing again on August 1 after being paused for a ...