 On Capitol Hill, Mitchell Miller, WTOP News. The latest in the back and forth over student loans has the education department suspending monthly student loan payments and interest for about 3 million borrowers. This is a narrower action than what the Biden administration had wanted after court rulings blocked parts of the president's new loan repayment program called SAVE. Many of those borrowers were set to enjoy lower monthly payments under the SAVE plan and some would have more easily obtained loan forgiveness.