Education Department halts student loan forgiveness plan to 'recalculate' after roll backs

Education Secretary Linda McMahon temporarily halted student loan forgiveness under a long-standing federal repayment plan to carry out system updates the agency says are needed to ensure it is in compliance with court injunctions against a Biden-era debt relief policy.

A recent update from the department said that forgiveness through the Income-Based Repayment plan is paused as the agency’s systems are being updated. The department said that IBR, a federal repayment forgiveness plan, will resume once those updates are completed.