save plan

Trump administration announces deal to scrap Biden-era student loan repayment plan

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Student Loan

Latest Situation (Student Loan Repayment)— The Trump administration has announced an agreement to terminate the Biden-era SAVE program, which will halt new enrollments, de-register pending applications, and transition current SAVE participants to legitimate alternatives. This agreement was reached with the state of Missouri and is subject to court approval. The SAVE (Saving on a Valuable … Read more

Trump Administration Moves to End SAVE Student Loan Plan, Leaving Millions Uncertain

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SAVE

In a major shift that could disrupt repayment plans for millions of borrowers, the Trump administration on Tuesday announced an agreement to terminate the SAVE student loan repayment program — a signature Biden-era initiative that has been tied up in legal battles since its launch. The Saving on Valuable Education (SAVE) plan, introduced in 2023, … Read more