💰 Pro tip: While the pause is in effect, transfer what you would have paid in student loan repayments each month into a high-yield savings account. When the pause lifts, you'll have the money readily available to apply to your account, plus you'll have earned a little bit of interest.

The Biden administration said that millions of borrowers may be stuck in student loan forgiveness and repayment purgatory for months. But there may be some options.

Due to the ongoing litigation, SAVE borrowers are in forbearance. ・Borrowers May Be Better Changing Repayment Plans: Moving away from SAVE might allow eligible borrowers to get loan forgiveness sooner.