The Department of Education said it paused time-based student loan forgiveness under the Income-Based Repayment plan as it updates payment counts to reflect a court injunction from earlier this year.

Starting next summer, graduate borrowers can only take out direct loans that have a lower borrowing cap. These are the new limits for graduate school borrowing: For graduate students: up to $20,500 per year; $100,000 total. For professional and medical students: up to $50,000 per year; $200,000 total.