Jose Luis Pelaez | Getty Images Student loan borrowers will soon be removed from the Saving on a Valuable Education, or SAVE, plan, the Trump administration announced on Friday. The Education Department said it would send guidance to the 7.5 million people who signed up for the now-defunct repayment plan. “In the guidance, the Department…
The U.S. Department of Education headquarters is seen on March 06, 2025 in Washington, DC. Chip Somodevilla | Getty Images News | Getty Images A federal appeals court has ordered the end of the Saving on a Valuable Education, or SAVE, plan, the Biden-administration-era repayment program that brought lower monthly bills to millions of student…
Damircudic | E+ | Getty Images By many measures, the SAVE, or Saving on a Valuable Education, student loan plan was defunct. The Biden administration-era affordable repayment plan faced several legal challenges, and Congress voted over the summer to repeal the program. But Judge John Ross, of the U.S. District Court for the Eastern District…
A sign marks the entrance to the U.S. Department of Education headquarters building on June 20, 2025, in Washington, DC. J. David Ake | Getty Images News | Getty Images A federal judge on Friday dismissed the Trump administration’s request to eliminate a student loan repayment plan that lowered monthly bills for millions of borrowers….
Julpo | E+ | Getty Images The student loan delinquency rate is surging, new research finds. Nearly 25% of student loan borrowers with a payment due are now behind, compared with around 9% in 2019, during President Donald Trump‘s first term, according to a report published Friday by The Century Foundation, a left-leaning think tank….
Parents who took out student loans for their child’s education could be excluded from affordable repayment plans and loan forgiveness programs in the coming months if they don’t take certain steps soon, consumer advocates warn. “I’m hearing a lot of anxiety from parents about losing access to income-driven repayment plans,” said Kathleen Boyd, a certified…
