United States   Tech   Markets   Politics   Business   Science   Memes  









Student loan payment pause ending  on May 31, 2023


Balanced News


The potential borrower impact of proposed IDR reforms - JPMorgan Chase

On January 11, 2023, the Department of Education proposed new rules to improve Income-Driven Repayment (IDR), a set of repayment plans that provide payment relief for people who hold large student debts relative to their income. This proposal is aimed at both improving long-term affordability of higher education and providing an avenue of relief for borrowers who may not be prepared to resume debt payments when the federal pause on student debt payments ends as scheduled later this year.

jpmorganchase.com     May 31, 2023