Education Department Addresses Forgiveness for Income-Driven Student Loan Payments, But Work Remains

May 19, 2022

The Department of Education in April announced a series of promising policies intended to address significant problems with income-driven repayment (IDR) plans for federal student loans, but the department and Congress need to take additional steps to more fully correct the repayment system’s problems and increase borrowers’ chances for success whenever the pandemic-related payment pause is lifted. The pause was recently extended through Aug. 31.

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