’s student loan repayment program, the Department of Education announced it is freezing monthly student loan payments and interests of 3 million borrowers.
On July 1, the Department of Education was going to implement payment reductions, with many borrowers seeing their payments being cut in half. That measure was blocked by Kansas U.S. District Judge Daniel D. Crabtree. Meanwhile, in Missouri, U.S. District Judge John A. Ross blocked the SAVE plan from granting additional student loan forgiveness. In some cases, borrowers’ loans are and have been forgiven after ten years as opposed to the typical 20 to 25 year plan.that it will not give up on its promise “to fight for this long-overdue relief” for borrowers.
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