US EditionMarried Student Loan Borrowers Get Reprieve After Department Of Education Walks Back Statement
- The Department of Education amended its student loan payment policy this week, addressing concerns from borrowers.
- A prior declaration suggested some married borrowers on income-driven repayment plans might see payment increases.
- The amendment clarified spousal income will not factor into loan payments for those filing taxes separately.
- The department expects application processing to resume; Bergeron stated servicers should place borrowers into plans soon.
- With this amendment, some married borrowers may now see their monthly payments decrease in certain income-driven plans.
13 Articles
13 Articles
Married Americans with student loans with income-driven plans may get a break: report
Married student loan borrowers on income-driven repayment (IDRs) appeared to no longer have to worry about the possibility of an increase in the size of their monthly payments, according to Forbes.The outlet on Wednesday reported the Department of Education Acting Under Secretary James Bergeron said in an revised court filing on Tuesday the agency "expects that by May 10, 2025, servicers will implement the treatment of spousal information for IC…
Education Department clarifies upcoming changes to income-driven loan repayment
The Department of Education amended a student loan payment policy this week that could come as reassurance for some borrowers who were concerned their payments were about to go up.A court declaration from the department filed in April suggested that people could be required to make higher loan payments if they were both married and making loan payments based on an income-driven repayment plan.That declaration said that "married borrowers filing …
Married Student-Loan Borrowers Dodged a Payment Increase: Here’s What Happened
Dashia Milden 2025-04-17 17:17:00 www.cnet.com Student loan repayment news is breaking so fast that it’s difficult to keep up these days. Now, there are changes to the Department of Education’s declarations about how a married borrower’s payments are calculated for certain income-based plans. Late last week, the Department of Education submitted a court filing that addressed… Source
Married Student-Loan Borrowers Dodged a Payment Increase: Here's What Happened - WorldNL Magazine
Getty Images/Zooey Liao, CNETStudent loan repayment news is breaking so fast that it's difficult to keep up these days. Now, there are changes to the Department of Education's declarations about how a married borrower's payments are calculated for certain income-based plans. Filing separately or jointly mattersLate last week, the Department of Education submitted a court filing that addressed married student-loan borrowers enrolled in the income…
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