Education Dept. freezes loan payments for 3M student borrowers after court rulings

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Many of those borrowers were set to enjoy lower monthly payments under the SAVE plan.

The Education Department said it would suspend monthly payments and interest for millions of borrowers affected by court rulings halting parts of President Joe Biden's student loan repayment program. | Evan Vucci/APThe Education Department will suspend monthly student loan payments and interest for some 3 million borrowers in response to court rulings blocking parts of President Joe Biden’s new loan-repayment program.

A separate federal judge in Missouri halted other provisions of the program that allow borrowers to more easily obtain loan forgiveness. “President Biden had a horrendous debate performance and is down in the polls, so now he is attempting to use tax dollars to buy votes,” Cassidy said in a statement.

 

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