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.

Rebecca Safier

About the Author

Rebecca Safier has been writing about personal finance and higher education for nearly a decade. Her work has been featured in U.S. News & World Report, Forbes Advisor, and other leading publications, and she has contributed expert commentary to MarketWatch, NBC, Fortune, and more. Rebecca is an NACCC-certified student loan counselor and has her Master of Education from Harvard University.

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