A federal appeals court has reversed Biden-era student loan forgiveness for 4 million borrowers, requiring them to resume payments within 90 days. The decision affects the SAVE repayment plan and targeted relief programs.
Who Is Affected
- 4 million borrowers who received partial forgiveness
- SAVE plan enrollees face recalculated payments
- Public Service Loan Forgiveness: not affected
- 90-day grace period before payments restart
What to Do Now
Affected borrowers should log into StudentAid.gov to check their status. Financial advisors recommend switching to Income-Driven Repayment plans and exploring employer student loan benefit programs that now cover up to $5,250 tax-free annually.
