The Department of Education updated key guidance this month to reflect an anticipated timeline for changes to a critical federal student loan repayment plan. According to the new guidance, a major fix to a popular income-driven plan is expected to happen in December 2025, potentially allowing more federal student loans to enroll by then.
Income-Based Repayment, or IBR, is the only current income-driven repayment plan program that will be preserved under the One Big, Beautiful Bill Act (or “OBBBA”) that congressional Republicans and President Donald Trump enacted earlier this summer. Three other IDR plans including Income-Contingent Repayment…
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