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.

Nancy Bilyeau

About the Author

Nancy Bilyeau, a deputy editor at SoFi, writes about small business, student loans, personal loans, car insurance, medical debt, and other personal finance topics. A veteran of the magazine business, she has edited stories on personal finance for Good Housekeeping, Men’s Journal, and DuJour magazines and has written articles for The Wall Street Journal, Reader's Digest, Parade, and Lifetime/A&E, among others. She is a graduate of the University of Michigan.

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