Borrowers on the SAVE plan may still have their student loan payments cut in half.

Over the past couple of weeks, student loan borrowers have found the news a bit confusing.

This week, two federal judges halted President Biden's plan to reduce student loan debt and lower monthly payments for borrowers on the Saving on a Valuable Education income-driven repayment plan.

This month, borrowers were anticipating a decrease in their monthly payments, a move that opponents argue exceeds the administration's power.

Federal judges in Kansas and Missouri issued injunctions that halted the administration's plan to reduce monthly payments to 5% of borrowers' discretionary income from the current 10%. Furthermore, the administration was forced to temporarily suspend loan forgiveness until the courts made a final ruling.

The Court of Appeals for the Tenth Circuit ruled that the administration can proceed with reducing payments over the weekend.

The decision to lower monthly payments for borrowers does not affect the ongoing lawsuits or the status of loan forgiveness for SAVE borrowers.

Here's what borrowers currently enrolled in SAVE can expect in the meantime.

If you see a lower payment on your statement, pay it

According to the Department of Education, borrowers who have already enrolled in the SAVE plan will be divided into four groups for the July payments.

• Individuals who meet the criteria for a $0 monthly payment will maintain that payment and not be affected.
• Pay the July bill that has been lowered for borrowers.
• Borrowers who were put on forbearance while their servicer recalculated their monthly payment will receive their first payment in August.
• Borrowers who were put on forbearance due to injunctions will continue to be on forbearance in July and their new lower payment will be due in August.

Your servicer should communicate any new payment amounts and due dates directly. Additionally, ED advises borrowers to check their accounts online for the most current information.

The Missouri-based lawsuit prohibits the administration from granting more debt relief to borrowers on the SAVE plan and shortening the path to forgiveness until a final court decision is made on whether to permanently halt forgiveness or allow it to continue.

Undergraduate borrowers with balances of $12,000 or less would have their loans forgiven after 10 years of payments on the plan, while those with larger balances would have to make payments for 20 years.

The administration had begun forgiving outstanding debt for these borrowers earlier this year.

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