A Maze of Mirrors: Navigating Student Loan Forgiveness in the Era of Trump The US Department of Education's student loan repayment plans have undergone significant changes since President Donald Trump signed the One Big Beautiful Bill Act.
These developments have created a complex landscape that requires borrowers to be proactive in evaluating their options.
One of the few remaining paths to debt cancellation is the Income Based Repayment (IBR) plan, which caps monthly payments at 10% of discretionary income for those who entered repayment after July 1, 2024, and offers forgiveness after 20 years.