Student loans to go to Treasury Department
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The U.S. Treasury and Education Departments team up to improve federal student aid programs, tackling $1.7 trillion in loans.
After a long court battle, the SAVE plan is officially kaput. Launched in 2023, the Biden administration’s Saving on a Valuable Education (SAVE) federal student loan repayment plan was created to replace the outgoing REPAYE program–and help keep Biden’s campaign promise to forgive student loans.
Federal appeals court officially ends Biden's SAVE student loan plan, reportedly impacting 7 million borrowers who must now seek alternative repayment options.
More than half a million federal student loan borrowers remain in a backlog of applications for an affordable repayment plan, a court filing revealed.
A federal appeals court has struck down the Biden‑era SAVE student loan repayment plan after years of legal challenges. The program, which offered the most generous repayment terms and potential loan forgiveness after as little as 10 years,
Millions of people with federal student loans may soon need to adjust their repayment strategy.
WASHINGTON – Americans who spend at least a decade in public service jobs and faithfully make their federal student loan payments shouldn’t owe any more. That’s the idea behind a student debt forgiveness program the Education Department launched ...
Trump's cap on student-loan borrowing for advanced degrees has prompted colleges to create new lending programs to fill financing gaps.
President Trump signed an executive order for changes to the PSLF program in March 2025. They impact who qualifies for forgiveness and go into effect July 1, 2026.