Kayla McCormack, Author at SoFi

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.

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