Millions of SAVE borrowers are awaiting forgiveness, advised to switch to IBR. However, IBR forgiveness is currently on pause as the Education Department updates its system for recalculating payments.
The key issue lies in how payments under the SAVE plan are counted, following court rulings. Borrowers can use payments from other plans towards IBR forgiveness, but changes are needed due to recent legal decisions.
Options for student loan forgiveness have diminished, with IBR being the main path for existing borrowers. Learn more about what to expect with IBR and actions to take during this period of uncertainty.
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