US EditionTrump administration announces deal to end key Biden-era student loan repayment program
The settlement ends the SAVE plan, moving over 7 million borrowers to other repayment options amid ongoing legal and administrative challenges.
- On Tuesday, the U.S. Department of Education announced a proposed settlement with the State of Missouri to end the Biden-era Saving on a Valuable Education plan, pending court approval, and move roughly 7 million borrowers into other repayment plans.
- Republican state attorneys general, led by Missouri, sued arguing the Saving on a Valuable Education plan was too generous and former President Joe Biden lacked authority, leading the Eighth U.S. Circuit Court of Appeals to block SAVE in February.
- Under Secretary of Education Nicholas Kent said the Saving on a Valuable Education plan promised expedited forgiveness and payments as low as $0, but `The law is clear: if you take out a loan, you must pay it back`.
- The settlement would make the Trump administration force millions to resume payments; loan servicing companies warn transitioning SAVE borrowers will be difficult, with Scott Buchanan saying `It's gonna be bumpy`.
- The announcement accelerates the phase-out under the One Big Beautiful Bill Act, but the department has not provided a clear timeframe; interest resumed on August 1 and eligibility changes will complete by December 2025.
134 Articles
134 Articles
Trump's education department just axed Biden's student loan plan
The Department of Education announced Tuesday that it reached a settlement agreement with the state of Missouri to end former President Joe Biden’s student loan forgiveness program. The Saving on a Valuable Education (SAVE) program bases monthly payments on an individual’s income and family size. The plan protected more borrowers’ incomes, increasing monthly payment exemptions from 150 percent to 225 percent of the federal poverty level—equatin…
The Department of Education announced an agreement with which the end of Joe Biden's SAVE plan for student loans could be launched.
Trump Moves to End a Major Student Loan 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…
The SAVE Plan Is Ending. Here's Why It Matters.
Finally, the time has come: the end of the unlawful so-called SAVE era, an era marked by the Biden administration’s attempts to force American taxpayers to pay for college loan debts. On Tuesday, the Department of Education announced a proposed joint settlement with the state of Missouri and six other states to end the Biden administration’s Saving on a Valuable Education plan, an income-driven loan repayment plan that courts ruled illegal and w…
Santa Clara law school offers scholarships after Trump capped student loans
A new law that caps federal student loan borrowing appears to have induced at least one university so far to lower its own effective tuition. Santa Clara University School of Law announced it will offer $16,000 scholarships to all new students starting in fall 2026. “The PLEDGE Scholarship was designed to ensure that next year’s incoming class has access to the funds they need to cover the… Source
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