Updates on Income Driven Repayment for Federal Student Loan Borrowers & Parent PLUS Loan Borrowers

The U.S. Department of Education (ED) announced another waiver that will bring borrowers closer to forgiveness under income-driven repayment (IDR) plans and that in many ways extend the benefits of the Public Service Loan Forgiveness waiver. These adjustments to borrower accounts include conducting a one-time revision of IDR payment counters to address past inaccuracies (including automatically discharging loans for eligible borrowers) and permanently fixing IDR payment counting by reforming ED’s IDR tracking procedures going forward. These adjustments also allow Parent PLUS borrowers and other federal loan borrowers to obtain credit for normally ineligible periods for the purposes of Public Service Loan Forgiveness! Join us for a discussion on this important topic with student loan expert Betsy Mayotte, President of TISLA. Download webinar slides to follow along.