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

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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