2023 Is Here — And Big Questions on Student Debt Still Loom

However, there’s no clear timeline for when borrowers can sign up. We don’t yet know exactly how the new IDR plan will look in its final form, who will qualify and when applications will open. The plan’s draft rules could come out tomorrow or six months from now, says Betsy Mayotte, president and founder of The Institute of Student Loan Advisors. 

“The draft rules can change significantly between draft and final, but at least we’ll have a better picture of what that new IDR plan might look like once we get the draft,” adds Mayotte.