Loading ...Federal Government To Pause Student Loan Payments, Interest For 3 Million Borrowers
The decision comes after federal court rulings blocked further implementation of the student loan repayment plan…
The 3 million borrowers eligible for the pause are enrolled in the income-driven repayment program dubbed SAVE and have a monthly payment that is more than zero, according to the U.S. Department of Education. About 4.5 million SAVE enrollees who qualify for zero-dollar payments because of low incomes will not be included in the pause.
The payment pause is similar to the COVID-19 student loan relief that lasted for 3 1/2 years, from March 2020 through September 2023, during which borrowers didn’t have to pay monthly bills and interest didn’t accrue.
Borrowers who are eligible for the new pause will be informed directly in the coming days, a spokesperson for the Education Department told The Epoch Times.
Executive branch ignores the law AGAIN in their quest for more votes — I guess they figure lawsuits to stop them won’t make it through the system by Nov. 5 election. Amazing how they can just ignore the law over and over and over and over and over………..and get away with it!