7 Million Student Loan Borrowers Could Face Higher Payments as SAVE Plan Gets the Ax

What Student Loan Borrowers Should Know as Trump Moves to Kill a Major Forgiveness Program

Millions of student loan borrowers whose monthly payments were reduced to as low as $0 under a forgiveness plan started by the Biden Administration could be forced to move to new repayment plans and begin paying off their loans again, as the Trump Administration is moving to end the program. The Department of Education announced this week that it had reached an agreement with the state of Missouri to end the Saving on Valuable Education (SAVE) p…

Trump Moves to End a Major Student Loan Forgiveness Program

Millions of borrowers enrolled in the SAVE plan could be forced to move to other plans and begin repaying their loans again.

7 million student loan borrowers could face higher payments as SAVE plan gets the ax

More than 7 million student loan borrowers now need to make new arrangements after the Trump administration announced this week it is ending the Saving on Valuable Education (SAVE) plan, which had been considered the most generous income-driven repayment (IDR) option available.   A creation of the Biden administration, SAVE was challenged by a group…

Over 7 million people to face higher student loan repayments after Trump administration ends Biden-era program

The ending of the SAVE program will force millions of people with student loans to use costlier repayment programs, many of which do not have any mechanism for loan forgiveness.