By Katie Lobosco, CNN Washington (CNN) — The Department of Education is pausing student loan payments for roughly 3 million borrowers who were expecting to have lower monthly bills starting July 1. The pause comes after two federal courts temporarily blocked parts of a student loan repayment plan known as SAVE (Saving on a Valuable Education), launched by President Joe Biden last year. Two groups of Republican-led states filed lawsuits earlier this year challenging the SAVE plan, arguing that the administration does not have the legal authority to implement the plan. Missouri and Kansas judges issued temporary injunctions last week, halting parts of the SAVE plan while the matter can
Hence then, the article about why student loan payments are paused for 3 million borrowers was published today ( ) and is available onNews channel ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Why student loan payments are paused for 3 million borrowers )