Student Loan Tracker

Borrowers exiting SAVE must compare three income-driven plans, each with distinct payment rules, forgiveness timelines, and interest handling.

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• IDR plans base monthly payments on income and family size rather than a fixed amount, unlike standard loans.
• They match repayment to earnings...

Minnesota's Office of Rural Health and Primary Care offers loan forgiveness to healthcare professionals serving high-need areas.

• Registered Nurses...

School counselors in public or eligible private schools qualify for Public Service Loan Forgiveness, not Teacher Loan Forgiveness.

• Teacher Loan...

Borrowers lost their push to intervene in SAVE litigation, leaving the plan terminated.

• The Missouri court called the motion untimely after final...

New federal graduate loan caps took effect July 1, 2026, setting $100,000 aggregate limits for most programs including nursing and $200,000 for select...

Federal relief is expanding through two distinct channels for borrowers hit by fraud.

• FTC refunds: Zelle payments retrying for American Financial...

Refinancing replaces your current loans with a private one, often for lower rates, but you lose federal protections like IDR and PSLF.

Key steps...

Borrowers face simultaneous risks from surging actual defaults and servicer errors that falsely damage credit.

• Real defaults climbing fastest in...

• ICR calculates monthly payments as the lesser of 20% discretionary income (AGI minus 100% federal poverty guideline) or a 12-year fixed plan amount,...

New OBBBA rules effective July 1, 2026, end Grad PLUS eligibility for new borrowers and limit federal loans to $20,500 annually via Direct...

The IDR account adjustment serves as a relief measure that counts payments normally excluded toward IDR forgiveness. This matters for FFEL borrowers close to qualifying, as it may accelerate their path to relief.

Federal student loan borrowers can secure a 1% interest rate discount (up from 0.25%) by enrolling in autopay before the Sept. 30 deadline. This...

• 18.4% default rate: Nearly 295,000 Illinois federal borrowers now in default, totaling $7.5 billion
• Economic drag: Missed payments reduce consumer...

Jessica Ochoa, a speech-language pathologist with $152,000 in loans, saw her SAVE payment of $567 jump toward $1,500–$1,600 this fall. The 32-year-old...

Borrowers must enroll in auto pay by September 30, 2026, for a temporary 1% interest reduction on qualifying Direct Loans.

• Opportunity: Quadruples...

Teachers can cancel up to $17,500 after five consecutive full-time years at qualifying low-income schools.

• Check eligibility first: Confirm your...

National crisis is clear: 9.5 million borrowers in default as of March, with Texas at 22% (878,000 people).

• Wisconsin data shows for-profit...

• Borrowers expecting forgiveness reduced payments by ~$40/month and raised non-durable spending by ~$100/month
• Those borrowers became 7.5...

Federal student loan borrowers hit by IDR calculation errors must reapply after receiving incorrect payment amounts.

• Affected group: Roughly 6,000...