Tag Archives: Saving on a Valuable Education Plan

The Trump administration said Tuesday it has reached a proposed settlement with Missouri to formally end the “Saving on a Valuable Education” repayment plan, a major federal student loan program created under President Joe Biden. The Education Department announced that under the agreement — which still requires court approval — …

Interest accrual on the debt of nearly 7.7 million student loan borrowers enrolled in the Saving on a Valuable Education plan will resume Aug. 1, the U.S. Education Department said Wednesday. The Biden-era income-driven repayment plan better known as SAVE saw legal challenges from several GOP-led states beginning in 2024, …

Jimmy Williams The Supreme Court on Wednesday upheld a block on the Biden administration’s latest plan to reduce student loan repayments, leaving millions of borrowers in financial uncertainty while legal battles proceed in lower courts. The plan, known as the SAVE program, aims to lower payments for millions of borrowers …

Jimmy Williams The Biden Administration has approved the cancellation of another $1.2 billion in student debt for approximately 153,000 borrowers who have diligently repaid relatively modest student loans over the past decade or more. This step is part of the administration’s commitment to address the challenges faced by student loan …

Ariana Figueroa, Florida Phoenix President Joe Biden announced Friday that some federal student loan borrowers will have their loans cancelled under the Department of Education’s new repayment plan. Starting next month, people who took out under $12,000 in federal student loans and have been repaying those loans for 10 years …