Amid a federal overhaul of student loan plans, many borrowers have been left wondering what it means for their hopes of loan forgiveness. In particular, those who are enrolled in a repayment plan known as income-based repayment, or IBR, have wondered if forgiveness will still be available to them.
A recent update from the Education Department said forgiveness through the IBR plan is paused while systems are updated. “IBR forgiveness will resume once those updates are completed,” the agency said.
