SAVE plan

Student Loan Forgiveness Paused For Millions In IBR Plans

Jul 23, 2025

The U.S. Department of Education has officially paused forgiveness for borrowers enrolled in Income-Based Repayment (IBR) plans, citing a need to comply with a recent federal court injunction. The unexpected suspension, announced in an update to the Federal Student Aid website earlier this month, has sparked anxiety among borrowers worried that relief may be slipping…
US Appeals Court Blocks Biden Administration’s Student Loan Forgiveness Plan

Jul 21, 2024

A US federal appeals court has blocked President Joe Biden’s administration from implementing its student debt relief plan. The Court of Appeals for the Eighth Circuit suspended the remaining portions of the Saving on a Valuable Education (SAVE) plan, which aimed to reduce monthly payments for student loan borrowers. Education Secretary Miguel Cardona expressed concern…

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