Biden Admin Extends Student Loan Payment Pause by 6 Months for 8 Million Borrowers

Borrowers on the SAVE plan could go well into next year without making any payments due to the ongoing legal challenges.

President Joe Biden is joined by Education Secretary Miguel Cardona as he announces new actions after the Supreme Court struck down his student loan forgiveness plan, in the Roosevelt Room at the White House, on June 30, 2023. Chip Somodevilla/Getty Images

Federal student loan payments will remain paused for more than 8 million borrowers well into next year as the court battle over the Biden administration’s SAVE repayment plan continues.

The income-driven plan lowers borrowers’ monthly bills to as low as zero and offers a quicker pathway to the discharge of all remaining balances.