A popular student loan forgiveness plan was just paused
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Lohud.com, Westchester County on MSNIBR student loan forgiveness temporarily halted by DOE. What New Yorkers need to knowNo court has ordered the DOE to pause forgiveness under IBR. The law says that borrowers who have made 20 or 25 years of qualifying payments are entitled to have their remaining student loan balance forgiven.
The Department of Education said it paused time-based student loan forgiveness under the Income-Based Repayment plan as it updates payment counts to reflect a court injunction from earlier this year.