Student Loan Forgiveness 2024 Save Plan. Washington cnn — the department of education will pause student loan payments for 8 million borrowers after a federal appeals court temporarily blocked a. Borrowers can receive relief after at least 10 years of payments if they originally borrowed $12,000 or less.
The save plan bases monthly payments on income and family size. One of the forgiveness plans, saving on a valuable education (save), was introduced in 2023 following a supreme court strike down of biden’s previous student loan.