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Borrowers Can Now See Their Progress Toward Being Student Debt-Free in Income-Driven Repayment Plans

NCLC Student Loan Borrower Assistance

Department of Education announced that federal student loan borrowers can now, for the first time, see how many months of progress they have toward having any remaining balance on their loans cancelled through the Income-Driven Repayment (IDR) plans. On January 16, 2025, the U.S.

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Good News: More Borrowers Will Soon Be Eligible for Debt Cancellation After 10 Years

NCLC Student Loan Borrower Assistance

Today, the Biden-Harris Administration announced that some borrowers will soon begin receiving debt cancellation after as few as 10 years in repayment, instead of the 20 to 25 years of payments previously required for most borrowers. Applying online should take about 10 minutes or less.