As part of the Biden administration's one-time program announced in April 2022, the U.S. Department of Education is reconsidering what counts toward Income-Driven Repayment (IDR) forgiveness.
Log into studentaid.gov with your FSA ID to use the loan simulator. This tool helps you understand how loan repayment works, and access a personalized plan to help you back your loan.
The new SAVE repayment plan offers lower monthly payments, forgiveness options, and government interest subsidies to make student loans more manageable for eligible borrowers.