The federal student loan system has already undergone significant changes during the last year. But additional major reforms are on the way, with the next wave of big changes set to begin impacting student loans in only a few weeks.
The tumult associated with the federal student loan system is due to a combination of factors. Multiple legal challenges and associated court rulings have blocked some programs (such as the SAVE plan), while allowing relief under other programs (such as student loan forgiveness under the IBR, ICR, and PAYE plans) to continue. In the meantime, the Education Department is moving forward to implement several student…
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