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.

Janet Siroto

About the Author

Janet Siroto is an NYC-based journalist, content strategist, and consumer-trend analyst who specializes in covering such topics as personal finance, lifestyle, travel, and wellness for a variety of titles, including The New York Times, Real Simple, Good Housekeeping, and Next Avenue.

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