Student Loans 2024 News. The biden administration is pausing student loan payments for eight million borrowers enrolled in its new repayment plan, known as save, after a federal appellate court. One of the primary reasons to prioritize federal student loans is because they tend to have lower interest rates.

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. During the forbearance period, borrowers will not have to make student loan.