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Student loan news updated January 2026

  • Litigation against the Saving on a Valuable Education (SAVE) Plan was resolved – pending final approval of the settlement agreement – in December 2025. The proposed settlement agreement would eliminate this income-driven repayment (IDR) plan. Borrowers are encouraged to apply for one of the other IDR plans such as the Pay As You Earn, Income-Based Repayment, or Income-Contingent Repayment plans. The Department of Education has not yet provided a date for when borrowers must switch to a new plan. Interest accrual resumed on Aug. 1, 2025, for borrowers in the SAVE litigation forbearance.
  • The Federal Student Aid payment simulator has not yet been updated to reflect the most recent rules and may provide incorrect guidance. While consolidation is being recommended in some cases, consolidations after June 30, 2024, result in the forfeiture of past progress toward IDR/Public Service Loan Forgiveness.
  • Certain types of student loan forgiveness will be subject to federal and Oregon income tax as of Jan. 1, 2026. Oregon generally conforms with the federal tax code.
  • Student loan collections resumed May 5, 2025, for the first time since March 2020. If your loans are more than nine months past due, or you were in default before the COVID-19 pause, your benefits could be affected. Log in to studentaid.gov to find out your loan status. More details are available at the National Consumer Law Center's Student Loan Borrower Assistance site.
  • The One Big Beautiful Bill, signed into law on July 4, 2025, will have a significant effect on student loan borrowers repayment and forgiveness options. According to an announcement from the Department of Education, some changes went into effect immediately.

Help with your student loan


Oregon's Student Loan Ombuds

Lane Thompson
Student Loan Ombuds
Pronouns: she/they

DFR.bankingproducthelp@dcbs.oregon.gov

Consumer Hotline
888-877-4894

Para más información llame al ombudsman de préstamos estudiantiles de la División de Regulación Financiera al 888-877-4894.

PO Box 14480
Salem, OR 97309

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Student Loan Help
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