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Court Deals Final Blow To End SAVE Student Loan Repayment Plan
A long-running legal battle over the Biden administration’s Saving on a Valuable Education, or SAVE, plan reached a conclusion on Tuesday, when the U.S. Department of Education and the State of Missouri announced a proposed joint settlement agreement (PDF File) that would terminate the program, pending final court approval.
The announcement, which has been expected for months especially in light of the One Big Beautiful Bill Act also terminating the plan, brings borrowers another step closer to some timelines for resuming payments.
The agreement, filed in federal district court, comes after…
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