Student Loans & Debt Relief

A proposed Education Department settlement would end the Biden-era SAVE repayment plan and force millions of borrowers — about 7 million enrolled, including roughly 4.6 million with $0 monthly payments — to resume paying or move to other plans. The department, which estimates SAVE would have cost taxpayers more than $342 billion over 10 years and cites a February 2025 court ruling that found the plan unlawful, says borrowers should use the Federal Student Aid Loan Simulator, and experts expect many may have to exit SAVE forbearance as early as next year, sooner than the July 1, 2028 OBBBA transition date.