3 things student loan borrowers can expect if they stay in the SAVE payment pause — and what they should do instead
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最新报道：The Biden administration announced an extension of the SAVE repayment plan's forbearance period for student loan borrowers, allowing those enrolled to pause payments until October 2025. The move aims to provide relief amid ongoing legal challenges to the program, which offers lower monthly payments and eventual loan forgiveness. Over 8 million borrowers are currently enrolled in SAVE, with 4.5 million qualifying for $0 monthly payments. The Department of Education stated this extension ensures borrowers won't face sudden payment restarts if courts block the plan. Critics argue the policy delays inevitable repayments, while advocates say it prevents financial hardship during economic uncertainty.
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