Are my student loans on pause? NBC 6 South Florida [Video]

Consumer Investigator Sasha Jones is hitting the streets of South Florida to find out what questions you are burning to know the answers to.

In our series Consumer Corner, NBC6 Responds takes your money questions to the experts.

Each week, we will feature a different consumer question. 

Question:  “Are my student loans on pause?”  

Expert: Hanneh Bareham, Bankrate Analyst

Answer:

Borrowers with federal student loans have seen tons of changes over the last couple of years. 

Payments have stopped, started, and stopped again for some borrowers. 

The latest pause impacts about 8 million people who are enrolled in the SAVE Plan. The SAVE plan is a new income-driven repayment program that came out last fall. It offers lower monthly payments and loan forgiveness in as little as 10 years for certain people. 

But the program is now facing legal challenges. 

“The biggest news for borrowers is that all payments have been placed on hold while this moves through the courts,” Bankrate Analyst Hanneh Bareham said. 

Bareham …