Student loan borrowers are in jeopardy.

The SAVE plan has been blocked.

A federal appeals court halted Biden administration’s student debt relief plan, siding with Republican-led states. Millions of borrowers now face uncertain repayment terms amidst ongoing legal challenges that could take months to resolve.

What does this mean for you?

1. Paused Payments

If you are on the SAVE plan or applied before July 17, 2024, your payments will be in forbearance with no interest.

No payments due, no interest accruing.

2. Paused IDR Applications

Income Driven Payment (IDR) plan applications have been paused for at least 6 weeks.

You can no longer apply to the SAVE plan.

3. Paused Loan Consolidations

Loan consolidation applications have been paused for at least 6 weeks.

This includes double-loophole applications for Parent Plus loans.

Disclaimer: This is not financial advice. The logos of third-party companies and/or organizations displayed on this website are the intellectual property of their respective owners. The use of these logos is for identification purposes only and does not represent or imply endorsement or affiliation from said owners.