Millions of borrowers in Biden's SAVE plan would start paying under new settlement
The U.S. Department of Education agreed to end the SAVE repayment plan, deny new enrollments, and move roughly seven million borrowers into alternative repayment plans.
Trump deals a final blow to SAVE student-loan repayment plan. Millions of borrowers may soon resume paying their debt.
The Department of Education proposed a settlement that would end the SAVE student-loan repayment plan and move enrolled borrowers to existing repayment plans.
What borrowers should know about student loan changes in the One Big Beautiful Bill
Federal student loan system undergoes significant overhaul, ending the Biden-era SAVE plan and introducing tighter borrowing limits and reduced repayment options.
Trump quietly pauses student-loan forgiveness for nearly 2 million borrowers
The Education Department stated that IBR forgiveness is paused due to ongoing litigation with the SAVE plan, impacting how forgiveness is processed for borrowers.