Income-Driven Repayment plan applications reopen

Our endorsed partner Cambridge Credit Counseling provides an update about IDR plan applications.

---

As a result of a lawsuit filed against the Department of Education, Income-Driven Repayment plan applications have reopened as of March 26, 2025.

For those individuals who are in SAVE plan forbearance, they can now apply to enroll in one of the three other IDR plans: the Income Contingent Repayment plan (ICR), the Income-Based Repayment plan (IBR), or the Pay As You Earn plan (PAYE).

This student loan repayment change is critical for anyone looking to pursue Public Service Loan Forgiveness. Those individuals who have been in the SAVE plan haven't been able to make progress toward PSLF since the forbearance began last summer.

Note: Payments may increase when switching from SAVE to one of the other plans. It is unclear how long it will take to process IDR applications since there are approximately 8 million borrowers on the SAVE plan who will be making that same transition. While processing timelines remain uncertain, individuals are encouraged to apply as soon as possible.

Cambridge Credit Counseling will continue to monitor changes to the student loan repayment program.

Additional student loan update - Learn More

Click here for information about student loan assistance or to attend a NYSUT Student Loan Workshop.