If you havefederal student loans, your monthly payments may be on hold for even longer.
Student loan payments forSAVE borrowers are pausedwhile the legal challenges threatening the repayment plan are reviewed by federal courts.
Why is SAVE on hold?
However, theSAVE plan was permanently blockedby another US appeals court on Aug. 9.
This move may prompt the Justice Department to file an emergency appeal at the Supreme Court.
So I don’t have to pay my student loans right now?
Your student loans won’t accrue interest while the courts work out the legality of SAVE.
What’s next for SAVE?
But if SAVE is shot down, you may be transferred to another income-driven repayment plan.
