8 million student loan borrowers won't have to make payments until April

8 million student loan borrowers won't have to make payments until April

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Social Studies, Business

University

Hard

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The Education Department has announced that payments for around 8 million borrowers enrolled in the Biden administration's SAVE plan will remain paused for six months or longer. These borrowers will be placed in an interest-free general forbearance. Meanwhile, a Missouri court is set to hear oral arguments defending the SAVE plan, which has faced legal challenges from several Republican attorneys general and has been blocked for months.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What does the Education Department say about payments for borrowers?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How long will the payments remain on pause according to the Education Department?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

Who is eligible for the interest-free general forbearance?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the status of the SAVE plan as of the latest information?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What legal challenges has the SAVE plan faced?

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