Student Loan Borrowers: Don’t Miss the IDR Recertification Deadline – Check Your Email

Federal student loan borrowers are receiving email reminders about recertifying their Income-Driven Repayment (IDR) plans, a critical step to maintain affordable monthly payments. With the COVID-19 forbearance period over, the U.S. Department of Education has reinstated the recertification process, and missing the deadline could mean being bumped into a costlier repayment plan. Borrowers with Edifinancial Services, for instance, now have until June 28, 2026, to recertify, but most others must act by March 1. However, those enrolled in the SAVE plan face uncertainty due to ongoing litigation challenging its legality, leaving many in administrative forbearance. The stakes are high: failing to recertify on time can lead to higher monthly payments, interest capitalization, and even removal from IDR plans. Experts like Mark Kantrowitz and Michael Lux warn that delays could push borrowers into the standard 10-year repayment plan, which often comes with the highest monthly costs. To simplify the process, borrowers can opt for automatic recertification via StudentAid.gov, allowing the IRS to share income data directly with loan servicers. As loan servicers ramp up reminders, borrowers should log in to StudentAid.gov or their servicer’s website to confirm their deadlines. For those facing financial hardship, options like income documentation updates or temporary forbearance may provide relief. With student loan repayments resuming and legal challenges creating uncertainty, staying informed and proactive is key to avoiding financial strain.
Source: Newsweek