'We're still struggling:' Federal ruling could make student loan repayment more difficult

'We're still struggling:' Federal ruling could make student loan repayment more difficult

RICHMOND, Va. (WRIC) -- A recent federal court ruling may make it harder for some borrowers to pay off their student loans. The decision temporarily blocks applications for several income-based repayment plans, which adjust payments based on a borrower’s earnings. The ruling specifically impacts the Saving on a Valuable Education (SAVE) plan, introduced by President Joe Biden, which aimed to reduce monthly payments from 10% to 5% of a borrower's…

Federal judge pauses all student loan income-driven repayment plan options

A federal judge expands an injunction pausing all Income Driven Plans for student loan borrowers.