Are Key Student Loan Forgiveness and Repayment Plans About to See Big Changes?

Got any suggestions for improving the federal student loan program and its forgiveness options? The Department of Education wants to hear them. The department announced in a press release today that it will invite public feedback on ways to streamline higher education regulations and federal aid programs. It specifically asked for ideas for improving the Public Service Loan Forgiveness (PSLF) program, the Pay As You Earn (PAYE) Repayment plan and the Income-Contingent Repayment (ICR) plan. "This process will focus on how the Department can rightsize Title IV regulations that have driven up the cost of college and hindered innovation," Acting Undersecretary James Bergeron said in the press release. The department will host two public hearings: an in-person meeting on April 29 at the Department of Education's Barnard Auditorium in Washington, and a virtual hearing on May 1, although the link provided is currently broken. You can also submit written comments through the Federal eRulem ... Read full article.