The Justice Department is asking the U.S. Supreme Court to reinstate President Joe Biden's federal student loan forgiveness plan after two judges blocked it, indicating it could be weeks or months until a final decision is made on whether the widespread cancellation can move forward. And while that's good news for borrowers who qualify for relief, most just want to know definitively what will happen to their payments come January.
That's when the almost-three-year-long pause on federal loan payments and interest accrual is set to end. But with the confusion surrounding the future of the debt relief program, some borrowers say it doesn't make sense to restart payments when $10,000 to $20,000 in forgiveness is still on the table.
