As one federal administration ends and another begins, let’s use this transition period to review where we stand with federal student loan repayment. Last week, the Department of Education (ED) began posting the forgiveness payment count data for borrowers using income-driven repayment (IDR) plans. Look for your “IDR End of Payment Term” data in your […]
IDR Forgiveness Payment Count Data Available Read More »
VIN Foundation announces the second annual awardees of the Mike Dunn, DVM Veterinary Student Scholarship created by Becky Godchaux Two veterinary school students have each been awarded $140,000 scholarships for the second year in a row, and the third annual scholarship is announced Davis, CA: The VIN Foundation is excited to announce the Mike Dunn,
Federal Direct Loan interest rates for graduate school break their upward trend Federal student loan interest rates have a fixed rate for the life of the loan. That fixed interest rate depends on when you receive the loans. Each spring, we closely monitor the federal treasury yields. With all of the economic uncertainty this year,
Student Loan Interest Rates: Slightly Lower for 2025-2026 Academic Year Read More »
What happened to the IDR application? Last Friday (2/21/2025), the Department of Education (ED) took down the electronic applications for all income-driven repayment (IDR) plans and consolidations. This week (2/25/2025), they also removed the paper/PDF applications for IDR plans. ED cites a ruling from the 8th Federal Circuit Court of Appeals last week. The court
All IDR applications for student loans are paused – Now what? Read More »
Attention 2020, 2021, and 2022 veterinary graduates with student loans! You have some special homework to maximize all of the recently announced benefits. If you have federal student loans and you graduated into the pandemic forbearance period, here are the things your graduating classes need to know and perhaps DO soon to ensure you take
Class of 2020, 2021, 2022 Income-Driven Repayment Renewal Note Read More »
On August 24th, 2022, the White House announced the news of a special one-time cancellation of up to $20,000 of federally held student loan debt. The amount of debt cancellation will depend on your income and whether you received a Pell Grant in college.
Special Cancellation of Up to $20,000 of Student Debt. Are You Eligible? Read More »
Federal student debt proposal would change REPAYE, phase out PAYE Buried in a sea of federal student loan announcements and changes over the last few years was the promise of a new income-driven repayment plan. Now we know how parts of that promise will be implemented when the pandemic forbearance benefits end this summer. The
A ‘new’ income-driven repayment plan? Read More »
On December 18, the U.S. Department of Education (ED) announced the reopening of the Pay As You Earn (PAYE) and Income-Contingent Repayment (ICR) student loan repayment plans. These Income-Driven Repayment (IDR) plans, which were temporarily closed due to the introduction of the Saving on a Valuable Education (SAVE) plan, offer additional monthly payment options that
PAYE and ICR income-driven repayment plans temporarily reactivated Read More »
What a crazy busy year in the world of student debt! It appears some of these changes and opportunities to possibly diminish your debt and shorten your repayment period will continue into 2023. As you’ve probably heard by now, on November 22nd the Department of Education announced another extension of the pandemic forbearance benefits for federal
December 2022 Student Loan Update Read More »
On February 5th, 2025, VIN and VIN Foundation provided a Climbing Mt. Debt webinar: What’s Next for Your Student Loans? There was excellent engagement with over 1,000 registered, 600 attendees, and 250 great questions about student loan repayment. This post summarizes some of the questions asked during the webinar, including additional details and links to
February 2025 Q&A from Climbing Mt. Debt Webinar: What’s Next for your Student Loans? Read More »