Income Contingent Repayment Plan Amendments

This course provides an in-depth analysis of the recent interim final rule by the Department of Education, which extends the eligibility period for Income Contingent Repayment (ICR) and Pay As You Earn (PAYE) plans from July 1, 2024, to July 1, 2027. Participants will gain insights into the implications of the Eighth Circuit’s injunction and the necessary compliance steps for federal student loan borrowers.

In this course you will learn the following:
* Understand the purpose and scope of the interim final rule on ICR plans.
* Identify key regulatory changes and their effective dates.
* Implement actionable steps to comply with the new regulations.
* Recognize the consequences of non-compliance with the rule.