The Trump Administration's Education Department eliminated online applications for income-driven student-loan repayment plans following a federal court's decision that upheld a pause on the proposed SAVE plan. This change significantly impacts student-loan borrowers looking for affordable monthly payment options, as the available alternatives primarily consist of higher standard payments. The notice on the Federal Student Aid's website indicates a temporary unavailability of the income-driven repayment and loan consolidation applications, although paper submissions remain an option.
Borrowers can still submit a paper loan consolidation application.
Income-driven repayment plans give borrowers monthly payments intended to be affordable based on the income they receive.
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