New Delhi, July 23 -- 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.

A recent update from the Education Department said forgiveness through the IBR plan is paused while systems are updated. "IBR forgiveness will resume once those updates are completed," the agency said.

IBR is not affected by a federal court's injunction blocking former President Joe Biden's Saving on a Valuable Education, or SAVE, plan. The IBR plan was created by Congress separately from other existing repayment plans, i...