You may soon need to change how you repay your federal student loans. 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 a proposed joint settlement with missouri that would soon force millions of student loan borrowers into repayment. Ed announced a proposed joint settlement agreement with the state of missouri that would end the biden administration’s illegal ‘saving on a valuable education’ (save) plan. A settlement between the trump administration and seven states could soon end the save program that lowered payments and offered quicker loan cancellation. Borrowers under the plan have a limited time to select a new repayment plan.
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