On Dec. 9, the Department of Education announced that a proposed joint settlement agreement with the State of Missouri would end the SAVE repayment plan. If approved in court, borrowers enrolled in SAVE will need to move to another repayment plan. 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.

Pam O’Brien

About the Author

Pam O’Brien is an award-winning editor and writer who has covered personal finance, budgeting, small business, and money issues. She is also an expert in health and wellness whose work has appeared in O Quarterly, Shape, Health, and More magazines, among others.

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