Student loan repayment assistance to encourage public service

What is the impact of the SAVE Plan injuntion and forbearance?

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On July 18, 2024, a federal court issued a stay preventing the Department of Education from operating the Saving on a Valuable Education (SAVE) repayment plan. Borrowers enrolled in the SAVE plan are being moved into forbearance.

Unfortunately, the Department of Education is taking the position that time in this forbearance will not count toward Public Service Loan Forgiveness or Income-Driven Repayment (IDR) loan forgiveness. More information from the Department of Education is available here: https://www.ed.gov/save

The court battles continue and there is much uncertainty. The following reliable sources will post updates as they become available: https://www.ed.gov/save and https://studentloanborrowerassistance.org/

Regarding your Loan Repayment Assistance Program benefits, you do not need to take additional action at this time.