Biden's new student loan relief plan is on pause. Here's what borrowers need to know

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Student loan borrowers are disappointed and confused after Biden’s relief plan is halted. they can stay enrolled in the SAVE plan for now.

Just days before millions of student loan borrowers expected to see their monthly bill drop by a half or more, two federal judges halted the Biden administration's relief plan.Chip Somodevilla | Getty Images News | Getty Images

But then he saw headlines on Monday that major parts of the Saving on a Valuable Education, or SAVE, plan were on pause. Two federal judges in Kansas and Missouri temporarily halted the Biden administration's new repayment plan until they rule on the cases.the preliminary injunctions, but for now, millions of student loan borrowers are disappointed and angry that they won't see the relief they expected in just a matter of days.

 

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