However, interest would accumulate on their loan balance during the forbearance, and it’s unknown how long the IBR student loan forgiveness suspension by the Education Department will last.

The Department of Education, under the Trump administration, announced a new development involving the suspension of student loan forgiveness under the Income-Based Repayment plan (IBR), which ...

New law reduces the number of federal student loan repayment options and caps how much individuals can borrow for higher education.

The US Department of Education has halted the cancellation of student loans in Income-Based Repayment plans, prompting concern among borrowers that their loans will not be forgiven anytime soon.

For at least 60 days, borrowers with federally held student loans can defer payments without penalty.

Student loan borrowers could see their monthly payments spike under President Trump’s “big, beautiful" bill, which would cut down a handful of repayment options to just two.