"was the most affordable, generous and flexible plan for millions of student loan borrowers,"
"The law is clear: if you take out a loan, you must pay it back,"
"American taxpayers can now rest assured they will no longer be forced to serve as collateral for illegal and irresponsible student loan policies."
Federal student loan policies changed dramatically in 2025, with a proposed settlement ending the Biden-era SAVE repayment plan. SAVE offered fast-tracked forgiveness and monthly payments as low as $0 for low-income borrowers, prompting Republican state attorneys general to sue for alleged executive overreach. Borrowers experienced months of payment forbearance and interest began accruing in August. The Education Department would move roughly 7 million borrowers enrolled in SAVE into other repayment plans, though several alternative plans remain unsettled. Officials presented the settlement as enforcing repayment obligations and protecting taxpayers while advisers warn borrowers face new financial burdens.
Read at www.npr.org
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