A federal court issued an injunction preventing the U.S. Department of Education from implementing parts of the Saving on a Valuable Education (SAVE) Plan and other IDR plans, including – for example – SAVE’s monthly payment formula and loan forgiveness under SAVE, PAYE, and ICR plans. Please check StudentAid.gov/saveaction for more information.
Borrowers can now apply for income-driven repayment (IDR) plans electronically rather than needing to upload an application to our website. Please visit StudentAid.gov/IDR to submit your application. If you already submitted an application through our portal you do not need to apply again.
There are various ways of paying for college. Student financial aid can include college scholarships, student loans, grants, or work study. Use the links below to learn about the different types of federal and private loans available. Also check out this Federal Student Loan Comparison Chart and Interest Rates for Federal Student Loans.
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