8 million student loan borrowers won't have to make payments until April

The Education Department has announced that payments for around 8 million borrowers enrolled in the Biden administration's SAVE plan will remain paused for six months or longer. These borrowers will be placed in an interest-free general forbearance. Meanwhile, a Missouri court is set to hear oral arguments defending the SAVE plan, which has faced legal challenges from several Republican attorneys general and has been blocked for months.

What is the duration for which payments will be paused for borrowers in the SAVE plan?

• Indefinitely

• One year

• Three months

• Six months or longer

Who is eligible for the interest-free general forbearance under the SAVE plan?

• All borrowers

• Only new borrowers

• Borrowers with defaulted loans

• Borrowers enrolled in the SAVE plan

What type of relief does the interest-free general forbearance provide to borrowers?

• Waiver of all payments

• Permanent loan forgiveness

• Temporary relief from interest accumulation

• Reduction in loan amount

Which court is set to hear the oral arguments defending the SAVE plan?

• California Supreme Court

• Missouri Court

• New York Court

• Texas Court

Who has challenged the SAVE plan, leading to its blockage?

• Federal judges

• Republican attorneys general

• Democratic senators

• Student loan companies