Trump admin moves to end major student loan forgiveness plan
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Trump's administration announced an agreement to officially end the SAVE student-loan repayment plan. Borrowers would have to transfer to new plans.
The Education Department announced an agreement on Tuesday to officially kill the SAVE plan for federal student loans, with major consequences anticipated for borrowers.
The Trump administration announced this week it had reached an agreement with seven states that filed a lawsuit challenging the legality of the Biden-era Saving on a Valuable Education plan. It
President Donald Trump's Department of Education stopped AI bots and "ghost students" from fraudulently obtaining more than $1 billion in federal student loans.
When Maureen J. first learned her student loans would be canceled in February 2026, she was elated.
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New student loan rules take effect this December
Federal student loan borrowers are about to see some of the most sweeping rule changes in years, with a new set of repayment and borrowing limits scheduled to kick in this December. The shift will touch everything from who qualifies for income-driven plans to how much families can borrow in federal loans before turning
Trump's student-loan repayment overhaul and collections restart make servicer errors more costly, Sen. Elizabeth Warren said.