White House News New Student Loan Repayment Plan Benefits Borrowers Beyond Lower Monthly Payments Cea The White House

White House ends popular student loan repayment plan

The Saving on a Valuable Education, or SAVE plan, is an income based repayment plan that reduced monthly payments and accelerated loan forgiveness for some borrowers. The Education Department says ... Read More

5 Takeaways For Student Loans As Millions Forced To Switch Repayment Plans

The Education Department's announcement makes clear that major changes are in store for student loans in the SAVE plan. Here's what student loan borrowers should know. Read More

DOE aims to end Biden student loan repayment plan. What it means for Ohio

More than seven million student loan borrowers may lose out on flexible repayments if the Biden-era SAVE plan ends. Here’s what it means for Ohioans. Read More

7 million student loan borrowers could face higher payments as SAVE plan gets the ax

More than 7 million student loan borrowers now need to make new arrangements after the Trump administration announced this week it is ending the Saving on Valuable Education (SAVE) plan, which had ... Read More

7 million student-loan borrowers could soon owe higher payments. Here's what to know.

Trump's administration announced an agreement to officially end the SAVE student-loan repayment plan. Borrowers would have to transfer to new plans. Read More

Millions of student loan borrowers face repayment decisions after SAVE legal agreement

KEY TAKEAWAYS The Department of Education announced an agreement with the states suing for the elimination of the Saving for a Valuable Education repayment plan.More than 7.7 million borrowers still ... Read More

Student loan debt will be forgiven for millions of borrowers under new Trump admin agreement — here’s how to know if you’re one of them

Millions of student loan borrowers will see the “light at the end of the tunnel” after the Trump administration agreed to reinstate loan forgiveness plans it had partially blocked following a court ... Read More

White House agrees to cancel student debt for millions of borrowers

The Trump administration says it is canceling student debt for millions of borrowers — a pivot from its previous moves to block some loan forgiveness plans. In an agreement with the American ... Read More

Trump wants to end the SAVE student loan repayment plan. Here's what that could mean

According to a Dec. 9 press release from the Department of Education, as part of the agreement with the Trump administration, the Department will not enroll any new borrowers in the SAVE Plan. Read More

Student loan forgiveness at risk for many: new White House policy

New rules tighten eligibility for public-service debt cancellation and income-driven repayment plans, putting the forgiveness prospects of millions of borrowers in flux. A recent rule narrows Public ... Read More

Student loan payments resume: What to know as repayment begins in October

For the first time in more than three years, federal student loan borrowers will be required to pay their monthly student loan bills starting in October. The pandemic-related pause, which went into ... Read More