Key Points ・Borrowers in the SAVE repayment plan are now seeing administrative forbearance dates extend into October and ...

Key Points ・The SAVE repayment plan remains in legal limbo, and borrowers are in administrative forbearance while the court ...

The legal challenges to the Saving for a Valuable Education (SAVE) plan have put millions of federal student loan borrowers ...

As of September 2024 (the latest data available), 8 million borrowers were enrolled in the SAVE plan. Another 2.6 million were enrolled in other IDR plans based on the ICR authority. That makes ...

Ongoing lawsuits have frozen the Department of Education's Saving for a Valuable Education (SAVE) plan, putting millions of borrowers into forbearance. Since the Department of Education is ...

Yu said it appears enrollees won't get the benefit of lower payments beginning on that date, as the SAVE plan had promised. Under the plan, payments for undergraduate loans were scheduled to be ...

Student loan borrowers who expected smaller monthly payments under the new Saving on a Valuable Education, or SAVE, plan received some bad news on Feb. 18, when a U.S. appeals court blocked the ...

The administration created the SAVE plan without clear authorization from Congress. Like some other federal loan-repayment schemes, the plan ties loan payments to a student’s future earnings.

Experts say a Biden-era student loan program -- Saving on a Valuable Education student loan repayment plan -- could be next on the chopping block. SAVE is an income-driven student loan ...

Borrowers enrolled in the SAVE (Saving on a Valuable Education) Plan are currently in forbearance ... Currently, there is no set date for when the student loan forbearance will end or when ...