Relief Emails Sent

The Department of Education has started sending emails to IBR borrowers, notifying them that they qualify for loan discharge. A new financial chapter begins!

Processing Timeline

Loan discharge will begin processing after October 21. Most borrowers will see relief within two weeks, though some may experience delays.

Opt-Out Deadline

Borrowers who don’t want the relief must opt out by October 21. Some may choose this to avoid state tax liability—but payments will continue.

Tax-Free Window Closing

The tax-free forgiveness provision ends January 1, 2026. Getting relief before then could save borrowers thousands in taxes.

Trump’s Repayment Overhaul

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The Trump administration is negotiating new repayment plans to replace existing IBR options with two less generous alternatives.