The Saving for a Valuable Education plan is effectively dead after a district judge ruled the repayment plan illegal.
A court ruling put an end to the most affordable student loan repayment plan. Now borrowers wait for guidance from the Trump administration.
A federal appeals court ordered the end to the SAVE plan, the Biden administration-era program used by millions of student loan borrowers.
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.
WASHINGTON, UNITED STATES - FEBRUARY 28: A sign reading Cancel Student Debt is staged outside of the Supreme Court of the United States in Washington, D.C., on Tuesday February 28, 2023. (Photo by ...