A federal court has blocked the Education Dept. from implementing the SAVE Plan and certain IDR plans. Consequently, IDR and online loan consolidation applications are temporarily unavailable, and IDR plan processing is suspended. However, paper loan consolidation applications can still be submitted—seek expert guidance beforehand. If you need to certify your IDR plan now, contact your loan servicer for guidance. If you experience issues with your servicer, file a complaint

Podcast: What is Happening with the Student Loan System?

Resident experts Carolina Rodriguez and Nancy Nierman, the Director and Assistant Director of EDCAP, break down the latest developments affecting borrowers. From updates on FAFSA and student debt forgiveness “plan B” to forecasting potential changes to the student loan system, we cover a lot of ground in our first episode. 

Topics Discussed:

  • 51:48 – Tax Filing
  • 00:55 – Latest on FAFSA
  • 06:44 – Student Loan Forgiveness Plan B
  • 11:32 – IDR Account Adjustment (One-Time Payment Count Adjustment)
  • 23:03 – Political & Legal Challenges
  • 37:27 – Loan Servicers Update

You can listen to Decoding Student Loans wherever you get your podcasts.

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