Student loan borrowers are facing a tough time right now. The Education Department has pulled down applications for income-driven repayment plans. This change has left many people confused and worried, especially those who have lost their jobs. These plans are supposed to make monthly payments more affordable by considering a borrower's income and family size. But now, with applications gone, some borrowers might struggle to keep up with their payments.

The Education Department has also seen layoffs, which has made things even more uncertain. Their website, StudentAid. gov, had a big outage recently, but the department says they're still committed to helping borrowers. But with all these changes, it's hard to know what to expect. Borrowers who are already in income-driven repayment plans should try to recertify their income as soon as possible. This process confirms their financial situation and helps keep their payments affordable. If they can't recertify, they might face higher payments or other issues.

Borrowers should also reach out to their loan servicers and find out what options are available to them. It's also a good idea to take screenshots of their account status on the student aid website. This can help protect them if there are any issues with their account in the future.

There are other resources available for borrowers too. They can contact their representatives in Congress for help. State attorneys general can also assist with inquiries. Borrowers can ask for temporary forbearance or deferment of payments if they're facing financial hardship. This can give them some breathing room while they figure out their next steps.

Some borrowers, like Jessica Fugate and Debbie Breen, have been working towards loan forgiveness through the Public Service Loan Forgiveness program. But with the recent changes, they're not sure what will happen to their applications. They had planned to switch to income-driven repayment plans, but now they're stuck in limbo. It's a stressful situation, and they're not alone. Many borrowers are feeling the same way.

The situation is frustrating, but borrowers should stay informed and reach out for help if they need it. It's important to remember that loan servicers still have to consider a borrower's financial situation, even with all the recent changes. Borrowers should keep advocating for themselves and exploring all their options.

Student Loan Repayment Plans: What's Going On?

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