Student loan payments will be paused for 8 million borrowers after Republican-led states sue to stop President Biden’s repayment plan

By Katie Lobosco | CNN

Washington — The Department of Education will pause student loan payments for 8 million borrowers after a federal appeals court temporarily blocked a repayment plan that the Biden administration launched last year.

The fate of the plan, known as SAVE (Saving on a Valuable Education), is in flux as courts across the country consider two legal challenges brought by several Republican-led states.

“Borrowers enrolled in the SAVE Plan will be placed in an...