Student loan borrowers get three more years to enroll in older repayment plans

The US Department of Education extended the deadline for student loan borrowers to enroll in two older income-contingent repayment plans. This means borrowers now have until July 1, 2027, instead of July 1, 2024, to sign up for these specific plans.

This rule change is a direct response to a court order, not a new policy choice. It gives the Department of Education time to adjust its systems to comply with the court's injunction. For borrowers, it means a temporary reprieve, allowing them to continue accessing repayment options that might be more favorable than newer plans, especially if they have higher incomes or specific loan types.