Story perspectives

Trump Administration Revamps Income-Based Repayment Plans for Borrowers

12/22/2025

Summary

Story summary

The Department of Education, under U.S. President Donald Trump, updated income-based repayment plans to enroll more borrowers without partial financial hardship.
The change is part of Trump spending legislation, and higher-income borrowers can apply online.
IBR plans adjust payments by income and offer forgiveness after 20 or 25 years.
The department aims to add borrowing caps and a Repayment Assistance Plan by July 2026 after processing backlogs and forgiveness restart.

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Story summary

The Department of Education, under U.S. President Donald Trump, updated income-based repayment plans to enroll more borrowers without partial financial hardship.
The change is part of Trump spending legislation, and higher-income borrowers can apply online.
IBR plans adjust payments by income and offer forgiveness after 20 or 25 years.
The department aims to add borrowing caps and a Repayment Assistance Plan by July 2026 after processing backlogs and forgiveness restart.