The US Department of Education has halted the cancellation of student loans in Income-Based Repayment plans, prompting concern among borrowers that their loans will not be forgiven anytime soon.

The Department of Education has temporarily suspended loan forgiveness under its popular Income-Based Repayment plan (IBR). Why it matters: IBR is the only current student loan forgiveness plan not subject to a legal challenge or court injunction,

The Department of Education is temporarily forgoing student loan forgiveness for borrowers under the Income-Based Repayment plan, also known as IBR. The department issued guidance stating that IBR forgiveness is paused while payment records are being updated.