President Biden's student loan forgiveness plans face significant legal challenges, with recent court orders blocking key initiatives such as the SAVE plan. A federal judge extended a temporary restraining order on Biden's new debt relief plan, affecting over 30 million borrowers. The 8th Circuit Court also halted the SAVE plan, causing chaos in the student loan system and leading to pauses in income-driven repayment processing. Additionally, the on-ramp period, which protected borrowers from credit score hits due to missed payments, is set to expire on September 30, putting millions at risk. With the Fresh Start program also ending, borrowers must quickly find repayment solutions to avoid financial repercussions. The Federal Reserve's potential interest rate cuts may offer some relief for new and variable-rate borrowers, but existing fixed-rate loans will remain unaffected.