The Education Department’s settlement of a 2024 lawsuit is approved by a federal appeals court, officially ending the income-driven SAVE repayment plan and requiring approximately 7 million enrolled borrowers to move into  a different repayment program. Go to IDR Plan Court Actions: Impact on Borrowers | Federal Student Aid for the latest. For more information on the One Big Beautiful Bill Act and what it means for student loans, visit SoFi’s Student Debt Guide.

Anna Davies

About the Author

Anna Davies specializes in personal finance, investing, fintech, and startups. She has written for WeWork, Happy Money, and Haven Life —plus Fortune 500 companies such as American Express, Citi, and Chase. Davies has also collaborated and ghostwritten for multiple New York Times bestsellers.

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