The pause impacts millions seeking relief under one of the last remaining federal income-driven repayment options not blocked by legal challenges.

Congress has created a new student loan repayment plan, called RAP. Here's what to know about the option, which will be available next summer.

The Department of Education is temporarily forgoing student loan forgiveness for borrowers under the Income-Based Repayment plan, also known as IBR. The department issued guidance stating that IBR forgiveness is paused while payment records are being updated.