Trump administration moves to end student loan forgiveness program

Black Borrowers Hit Hard as SAVE Plan Ends

(AURN News) — The student loan crisis facing millions of Americans is about to get worse. The Department of Education announced it is ending a program created under President Joe Biden that was designed to help borrowers struggling to repay their student loans.The Biden administration introduced the Saving on a Valuable Education, or SAVE, plan to provide student loan debt cancellation and more affordable repayment options. The Trump administrat…

Trump administration moves to end student loan forgiveness program

The Department of Education announced a joint settlement with Missouri and other Republican-led states this week that would end a student loan forgiveness program. Former President Joe Biden launched the Saving on A Valuable Education (SAVE) plan in 2023. SAVE is an income-driven repayment plan that gave around 400,000 Americans full loan forgiveness and has...