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Student Loan Borrowers Will Face a New Income-Driven Repayment Plan Process Soon

Female student studying with textbook with other students working at desks behind her.
Sallie Mae student loan rates are competitive and it offers financing💮 to students with less than half-time cour𒆙sework.

 GILKIS - Damon Hyland/Getty Images

More changes are coming for st🐎udent loan borrower♈s enrolled in income-driven repayment plans.

The Department of Education said Monday that it is reworking the income-driven repayment (IDR) plan process. Under a new method, enrolling in the IDR plans will be simpler, and existing borrowers will no longer 💞need to rece𒐪rtify their income every year, it said.

The reworked plan comes less than a month after the department reopened applications for IDR plans. The department had originally 澳洲幸运5开奖号码历史查询:taken down the application after the administration said a court ruling in the legal battle against the 澳洲幸运5开奖号码历史查询:Saving for a Valuable Education pl⛦an called into question other IDR plans.

The closure prevented borrowers from enrolling in the more affordable repayment options, and some were 澳洲幸运5开奖号码历史查询:unable to recertify their IDR plans.

According to a pre🍃ss release from the department, more details on theಞ new IDR process will be provided next week.

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  1. Department of Education. "."

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