The SAVE Plan is ending and repayment options will change dramatically in the new year.

Legal challenges put SAVE borrowers in limbo for months, a time during which they were not required to make payments on their loans. That would change if the proposed settlement is approved.

The American Federation of Teachers is seeking a preliminary injunction that would force the department to resume student loan forgiveness.

A Republican overhaul would reduce borrowers' repayments options from several plans to just two.

The Republican proposal would eliminate Grad PLUS loans, set strict limits on Parent PLUS loans and create a system in which colleges would be on the hook if their students don't repay their loans.

The 5th Circuit Court rejected a Education Department appeal on Wednesday, the latest setback in several parallel lawsuits. The administration is expected to ask the Supreme Court to weigh in.

The president has extended the student loan repayment pause into 2023. Biden said he wants to give lawsuits against debt cancellation time to play out, and the Supreme Court time to weigh in.