repayment plan that the Biden administration launched last year, which lowers borrowers' monthly payments and provides a faster route to debt forgiveness .
The Biden administration will also be blocked from implementing further provisions of the SAVE plan. In July, millions of people were expecting to see their payments lowered - but it's now unclear whether those reductions will occur.
More than 8 million borrowers have enrolled in SAVE so far, and 4.6 million of them have a $0 monthly payment. SAVE is separate from the Biden administration's efforts to cancel student loan debt for some public-sector workers and borrowers who were defrauded by a for-profit college.Borrowers currently enrolled in SAVE can remain in the plan while the merits of the cases are heard. Their monthly payment amounts should remain the same.
Also, no more student debt will be canceled for borrowers enrolled in SAVE, for now, even if the required number of monthly payments has been made.Eleven states, led by Kansas, filed the first lawsuit in late March and another group of seven states led by Missouri filed one soon after.
Source: Education Headlines (educationheadlines.net)
Save Plan Debt Forgiveness Student Loan Forgiveness Joe Biden Student Loans Student Loans Blocked Student Loan Federal Student Loans How To Enroll In Save Plan Biden Student Loans Enroll In Save Plan Student Loan Save Plan 14998372
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