India, July 22 -- President Donald Trump's Department of Education, headed by WWE co-founder Linda McMahon, has suspended student loan forgiveness under Income-Based Repayment Plan (IBR).
This is the only current plan not subject to any legal challenge or court injunction.
Student loan forgiveness under IBR works with a formula that is tied to a borrower's income and family size. This is used to determine how much the borrower needs to pay back monthly.
Then, payments are recalculated every 12 months. Borrowers who do not pay back their entire student loans by the end of their repayment term - which is 25 years, for borrowings prior to July 1, 2014, and 20 years for anything borrowed after that - would then be entitled to student loan ...
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