A popular student loan forgiveness plan was just paused, with no word on when it will start up again

The Department of Education temporarily paused Income-Based Repayment (IBR) loan forgiveness due to system updates needed to comply with a court injunction. This pause affects approximately two million borrowers. The Pay As You Earn (PAYE) and Income-Contingent Repayment (ICR) plans are also paused. The SAVE plan, which was challenged in court, is also ending, resulting in interest accruing for roughly eight million borrowers starting August 1st. The SAVE plan's termination was mandated by a Republican-backed lawsuit. Borrowers in SAVE, PAYE, or ICR can transfer payments to IBR for forgiveness. The DOE hasn't provided a timeline for resuming IBR forgiveness. The Trump administration's actions limit student loan repayment options. The situation leaves millions of borrowers facing uncertainty regarding their loan repayments and forgiveness.