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The decision has forced the Education Department to pause income-driven repayment processing, which leaves affected borrowers in limbo.
Heres what to know aboutstudent loan forgiveness for 2025.
He added that borrowers should not expect any changes and prepare to keep making their payments.
Note that floating interest rates apply only to private student loans.
Federal student loans have fixed rates and will not be affected by interest rate cuts.
To stay updated, check theFederal Student Aids websiteperiodically.
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