During this forbearance, borrowers will not receive credit toward loan forgiveness. The Education Department highlighted two ways borrowers can still get relief credit.
The Education Department has updates on the next steps for student-loan borrowers enrolled in President Joe Biden's new repayment plan, after the SAVE plan was blocked by court rulings.
The 8th Circuit Court of Appeals ruling halted all elements of the SAVE plan, impacting 8 million borrowers and their potential loan forgiveness. The Education Department provided alternatives for forgiveness credit during forbearance.
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