Student-loan borrowers on Biden's new repayment plan have 2 options to get credit toward debt cancellation while the program is blocked
Student-loan borrowers on Biden's new repayment plan cannot get credit toward debt cancellation while the program is blocked. But there's another way to get relief.
Rattanakun Thonbun/EyeEm
- 8 million student-loan borrowers on the SAVE plan were placed on forbearance after the plan was blocked.
- During this forbearance, borrowers will not receive credit toward loan forgiveness.
- However, the Education Department highlighted two ways borrowers can still get relief credit.
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