Biden Extends Student Loan Payment Pause for SAVE Plan Borrowers

The extension provides relief for 8 million borrowers as the SAVE plan faces ongoing legal challenges.

Federal student loan payments are paused for at least six more months for borrowers enrolled in the SAVE plan.
The SAVE plan, which aims to reduce monthly payments and offer quicker loan forgiveness, is blocked by federal court rulings.
Over 8 million borrowers are in interest-free forbearance while the Department of Education reconfigures its systems to comply with court injunctions.
Legal challenges from Republican-led states have stalled the SAVE plan, with oral arguments scheduled in the 8th Circuit Court of Appeals.
The Biden administration has already canceled $5.5 billion in student debt for SAVE plan borrowers, with further relief efforts ongoing.