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Student loan payments go on pause for millions of borrowers

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The Biden administration will place about 3 million student loan borrowers enrolled in its new SAVE repayment plan in forbearance while it defends the program in court.

The Biden administration will place about 3 million student loan borrowers enrolled in its new repayment plan in forbearance while it defends the program in court.

U.S. President Joe Biden is flanked by U.S. Secretary of Education Miguel Cardona as he speaks about administration plans to forgive federal student loan debt during remarks in the Roosevelt Room at the White House in Washington, U.S., August 24, 2022.payments for about 3 million borrowers who are enrolled in its new repayment plan, as it defends the program in court against Republican-backed lawsuits.

 

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