WASHINGTON — The U.S. Department of Education has quietly suspended a student loan forgiveness plan that was until recently the only plan not subject to any legal challenges or court injunctions.
The Income-Based Repayment plan, referred to as IBR, is one of several plans offered by the federal government that are based on how much a borrower earns. But Republicans have challenged nearly all forgiveness plans aside from IBR, putting federal borrowers in a state of limbo.
In a July 8 update to the Dept. of Education's website , the agency confirmed that forgiveness was being paused, but gave no indication of when it might resume.
"Currently, IBR forgiveness is paused while our systems are updated to accurately count months not affected by the court's injunction," the notice reads. "IB