8 Million Student Loan Borrowers Placed in Forbearance Amid SAVE Plan Legal Battle

Court order halts Biden's SAVE repayment plan, prompting Education Department to pause payments and interest accrual.

The SAVE plan aimed to reduce monthly payments and accelerate loan forgiveness for borrowers.
Republican-led states have challenged the legality of the SAVE plan, resulting in a temporary court block.
The Education Department has placed affected borrowers in forbearance, suspending payments and interest.
Borrowers can switch to other income-driven repayment plans, but face potential delays and complications.
Options like 'buy back' months for Public Service Loan Forgiveness are available but come with strict eligibility criteria.