earlier this week that blocked key components of a student loan policy, the Biden administration is planning to place about 3 million student loan borrowers into a monthslong payment pause.
"If the injunction takes effect, it will inflict irreparable harm on the federal government in the form of unrecoverable disruption costs and create extraordinary confusion and chaos for borrowers," wrote Brian Boynton, the Department of Justice's principal deputy assistant attorney general. The payment pause would apply to slightly less than half of the 8 million people enrolled in SAVE. About 4.5 million people who qualify for $0 payments because of low incomes would not be included in the pause.
College debt is a major 2024 campaign issue for young voters, and many were left disappointed when Biden couldn't follow through on his pledge to cancel $10,000 to $20,000 in debt last year after the U.S. Supreme Court overturned his sweeping debt relief policy.