Story perspectives
Student Loan Forgiveness Halted Amid System Overhaul
7/22/2025
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Story summary
- The U.S. Department of Education has temporarily halted student loan forgiveness under the Income-Based Repayment (IBR) plan for system updates.
- IBR offers forgiveness after 20-25 years of repayment and is not legally challenged.
- There is a backlog of over 1.5 million repayment applications, with interest resuming in August.
- Borrowers may switch to IBR or request forbearance, but interest will continue to accrue during forbearance.
