The Education Department has extended the student-loan payment pause by at least six more months for borrowers in the SAVE plan, which has been blocked due to legal challenges from GOP states.
Currently, 8 million borrowers are on forbearance, during which interest will not accrue, as the SAVE plan remains in limbo due to ongoing lawsuits.
The Education Department plans to reopen alternative repayment plans like PAYE and income-contingent repayment, as the SAVE plan cannot proceed until the legal battles are resolved.
Creating solutions for borrowers impacted by legal challenges involves complex updates to the department's systems, which can be a lengthy and burdensome process.
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