Why student loan payments are paused for 3 million borrowers ...Middle East

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Why student loan payments are paused for 3 million borrowers
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

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