The Department of Education is temporarily forgoing student loan forgiveness for borrowers under the Income-Based Repayment plan, also known as IBR. The department issued guidance stating that IBR forgiveness is paused while payment records are being updated.

The Income-Based Repayment plan provides borrowers with a feasible option to repay their student loans, and here’s what you need to know.

NEW YORK (AP) — Amid a federal overhaul of student loan plans, many borrowers have been left wondering what it means for their hopes of loan forgiveness. In particular, those who are enrolled in a repayment plan known as income-based repayment, or IBR, have wondered if forgiveness will still be available to them.