The Department of Education is immediately expanding the Income-Based Repayment plan to conform with changes from the 'Big, Beautiful Bill.'

NEW YORK (AP) — Amid a federal overhaul of student loan plans, many borrowers have been left wondering what it means for their hopes of loan forgiveness. In particular, those who are enrolled in a repayment plan known as income-based repayment, or IBR, have wondered if forgiveness will still be available to them.

The Department of Education plans on denying 460,000 student loan borrowers from accessing the SAVE repayment plan.