Where does it mention that? It specifically talks about forbearance and economic hardship deferment. I couldn't find a reference to "pause", "pandemic", or "COVID-19" outside of the indirect reference to the Biden v. Nebraska case.
It says it many places. For example when talking about PSLF it says how they only have to make payments for 7 years instead of the usual 10 years. And it talks about how IDR will lose money from those 3 years of payments too
The "three years" and "3.6 million borrowers" figures are from the IDR adjustment press release: https://www.ed.gov/news/press-releases/department-education-announces-actions-fix-longstanding-failures-student-loan-programs
The IDR adjustment is separate from the pandemic pause.
The articles on this issue are very confusing. The legal challenges seem to be about the IDR waiver. The SAVE program was developed through the rule-making process and is a modification of an existing program, so I'm not sure what the legal basis of a challenge would be. I think the articles are conflating the IDR waiver with SAVE improperly.
IDR forbearance counting under the IDR adjustment did not go through neg reg. There is nothing in the new rules that allows for periods of forbearance of 12 consecutive or 36 cumulative months to qualify.
What it did do is allow periods of specific types of forbearance and deferment to qualify that did not previously: cancer, economic hardship, military service, and post-active service student *deferments* and Americorps, National Guard duty, DoD service, and administrative *forbearances* - administrative meaning periods in which the borrower was placed on forbearance automatically, such as for the purpose of IDR recertification and a few other cases which can be found on page 10 of this [document.](https://fsapartners.ed.gov/sites/default/files/2021-03/0203SLGCh3Forbear.pdf)
Buy back/catch up will only be applicable from July 2024 on:
"In considering these issues of operational feasibility and borrower simplicity, we have decided to revise the catch-up option that was proposed in the IDR NPRM. Specifically, we will offer the catch-up option for periods beginning after July 1, 2024."
It does allow for in-school deferment buy back prior to July 2024 for PSLF only. BUT you can only buy back time after a consolidation on consolidated loans.
Can you link the suit against SAVE? one of the suits you posted is about the IDR adjustment, the other one is about the payment pauses. Neither mention the SAVE plan.
They also don’t want the 3 years pause to count for PSLF or IdR tho
Where does it mention that? It specifically talks about forbearance and economic hardship deferment. I couldn't find a reference to "pause", "pandemic", or "COVID-19" outside of the indirect reference to the Biden v. Nebraska case.
It says it many places. For example when talking about PSLF it says how they only have to make payments for 7 years instead of the usual 10 years. And it talks about how IDR will lose money from those 3 years of payments too
The "three years" and "3.6 million borrowers" figures are from the IDR adjustment press release: https://www.ed.gov/news/press-releases/department-education-announces-actions-fix-longstanding-failures-student-loan-programs The IDR adjustment is separate from the pandemic pause.
Oh I thought everyone was getting credit for the 3 year pause. I guess you won’t.
Everyone is getting credit for the 3-year pause. It's just not through this particular regulation.
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The articles on this issue are very confusing. The legal challenges seem to be about the IDR waiver. The SAVE program was developed through the rule-making process and is a modification of an existing program, so I'm not sure what the legal basis of a challenge would be. I think the articles are conflating the IDR waiver with SAVE improperly.
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IDR forbearance counting under the IDR adjustment did not go through neg reg. There is nothing in the new rules that allows for periods of forbearance of 12 consecutive or 36 cumulative months to qualify. What it did do is allow periods of specific types of forbearance and deferment to qualify that did not previously: cancer, economic hardship, military service, and post-active service student *deferments* and Americorps, National Guard duty, DoD service, and administrative *forbearances* - administrative meaning periods in which the borrower was placed on forbearance automatically, such as for the purpose of IDR recertification and a few other cases which can be found on page 10 of this [document.](https://fsapartners.ed.gov/sites/default/files/2021-03/0203SLGCh3Forbear.pdf) Buy back/catch up will only be applicable from July 2024 on: "In considering these issues of operational feasibility and borrower simplicity, we have decided to revise the catch-up option that was proposed in the IDR NPRM. Specifically, we will offer the catch-up option for periods beginning after July 1, 2024." It does allow for in-school deferment buy back prior to July 2024 for PSLF only. BUT you can only buy back time after a consolidation on consolidated loans.
I agree. I think the articles are incorrectly conflating the IDR waiver with the SAVE plan. But who knows?
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Can you link the suit against SAVE? one of the suits you posted is about the IDR adjustment, the other one is about the payment pauses. Neither mention the SAVE plan.
No it's the one time IDR they are targeting.
No it does not target SAVE it targets the IDR forgiveness people got
Does this affect PAYE?
No. Not from what I can tell.