In July, President Trump signed the “One Big, Beautiful Bill Act” which will result in the eventual repeal of several other income-driven plans. But
#IBR is preserved under the bill. In fact, Congress actually expanded the IBR program in the legislation by immediately removing a key enrollment barrier for circumstances where a borrower earns too much income relative to their federal
#studentloan balance.
Despite this, the department acknowledged in web guidance updated earlier this month that this enrollment barrier remains in place and may not be lifted for several more months. That delay is now the subject of a new legal challenge.
At the link in our bio, here's everything student loan
#borrowers should know.
(Photo: Salwan Georges/The Washington Post via Getty Images)