The loan repayment and interest freeze has been extended through June 30th, 2023. Student loan interest will resume starting on September 1, 2023. Loan repayments will be due starting in October 2023.
The Department of Education has finalized a new Income-Driven Repayment Plan, called the SAVE Plan. The SAVE Plan calculates monthly payment amounts based on income and family size. The SAVE plan will replace the existing REPAYE Plan. More information can be found at StudentAid.gov here.
The Supreme Court issued a decision blocking the one-time debt relief plan. More information about the decision and its impact can be found here.