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.

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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