As federal student loan borrowers prepare for repayments to begin after a three-and-a-half-year hiatus, the federal government has launched a websitefor borrowers to begin applying for income-driven repayment plans. 

Interest on student loan payments begins in September with payments expected to resume in October, but many might find their payments to be lower than prior to the pandemic.

The website was scheduled to launch Aug. 1, but was up a day early. The website automatically imports income information from the Internal Revenue Service. A Scripps News reporter was able to import all of the needed information within five minutes. Those who apply for income-driven repayment plans will need to have their income re-certified yearly. 

The Department of Education is encouraging borrowers who might struggle with payments to explore its new income-driven repayment plans. ... Read More: WMAR2NEWS