Federal student loan borrowers who enrolled in President Biden's SAVE income-driven repayment plan have been in an interest-free forbearance for nearly a year.

SAVE borrowers have already been through unprecedented policy changes that have left many without a student loan payment for over five years. If you're a borrower enrolled in SAVE

Education Secretary Linda McMahon, in a statement, urged "all borrowers in the SAVE Plan to quickly transition" to a different loan program.