‘Frustration, anger, confusion’: Trump administration leaves millions without clear path to paying off student loans
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A federal appeals court ordered the end of the Biden administration's Saving on a Value Education (SAVE) Plan, an income-driven student loan repayment program launched in 2023. This decision impacts millions of borrowers, coinciding with data showing 7.7 million borrowers defaulted on $181 billion in federal student loans by the end of 2025. Republican attorneys general challenged the SAVE plan, arguing it was an overreach of executive power. The Education Department plans to provide guidance on transitioning borrowers to legal repayment plans. Simultaneously, the Trump administration is shifting the student loan portfolio to the Treasury Department, claiming better management, a move criticized for creating confusion and eroding public trust. These changes leave many borrowers uncertain about how to manage or repay their student loans.
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