Public Broadcasting Service (PBS)

Biden's SAVE plan for student loans is officially dead. Here's what experts suggest now

If you’ve been on the SAVE plan, you’ll soon have to pick a new repayment option or eventually have an option chosen for you.

Federal appeals court orders end to SAVE plan used by millions of student loan borrowers

A federal appeals court ordered the end to the SAVE plan, the Biden administration-era program used by millions of student loan borrowers.
The Hill

Education Department restarts interest accrual for borrowers on SAVE plan

The Education Department announced Wednesday interest accrual for student loan borrowers on the Saving on Valuable Education (SAVE) plan will restart Aug. 1. The SAVE plan, created under the Biden administration, was struck down as illegal by the 8th U.S ...
CBS News

Trump administration moves to end the SAVE plan for millions of student borrowers

The Trump administration has reached an agreement that could end President Biden's signature student loan repayment plan, a move that may force millions of borrowers back into repayment. The Education Department on Tuesday announced a proposed settlement ...
NPR

Millions of borrowers in Biden's SAVE plan would start paying under new settlement

The U.S. Department of Education announced Tuesday that it had reached a proposed settlement agreement to end a popular, yet controversial Biden-era student loan repayment plan. The Saving on a Valuable Education plan, better known as SAVE, was the most ...
CNBC

3 alternatives to the SAVE plan if you have federal student loans

Today, after a year-long pause, interest resumed on student loans enrolled in the Saving on a Valuable Education (SAVE) plan. Launched by the Biden administration in 2023, SAVE was intended to give borrowers an affordable path to repaying student loans.