Suspension of Income-Driven Repayment (IDR) Plan Applications The Department of Education has halted applications for IDR plans, including the Saving on a Valuable Education (SAVE) plan, following a federal court injunction.
Potential Elimination of Time-Based Loan Forgiveness Proposals under consideration aim to replace existing IDR plans with options that do not offer time-based loan forgiveness.
Increased Scrutiny of Public Service Loan Forgiveness (PSLF) The current administration has previously proposed slashing funding to federal student aid programs, including PSLF.
Changes to Loan Interest Deductions There are discussions about eliminating student loan interest deductions, which currently allow qualifying borrowers to deduct up to $2,500 of interest paid on student loans from their taxable income.
Uncertainty Surrounding Future Relief Measures The administration's stance on student loan forgiveness and relief programs has introduced uncertainty for borrowers seeking future assistance.