Trump Pauses Student Loan Forgiveness

“Without much notice, the Education Department has suspended student loan forgiveness under a long-standing repayment plan, offering no timeline for resumption and little explanation for the decision,” the Washington Post reports.

“Income-Based Repayment is one of four federal plans that tie monthly payments to earnings and family size with the promise of loan forgiveness after 20 or 25 years of payments. It is the only income-driven plan that is not affected by a court injunction and, therefore, was the only one still processing loan forgiveness… About 2 million borrowers are enrolled in the plan.”