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Student Debt Forgiveness Update: Two More Options Reopening to Borrowers

Newsweek
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President Joe Biden's Saving on a Valuable Education ( SAVE ) plan is in a state of uncertainty as it faces court challenges.

With SAVE in jeopardy, Biden's Department of Education reopens enrollment for borrowers in two other income-driven repayment plans.

Pay-As-You-Earn (PAYE) and Income-Contingent Repayment ( ICR ) will open for borrowers next month .

Update 11/15/24, 3:25 p.m. ET: This article has been updated with comment from a spokesperson from the DOE . Related Articles Start your unlimited Newsweek trial.