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.

Susan Guillory

About the Author

Susan Guillory is an accomplished writer and author specializing in personal finance, business, lending, and credit cards. She enjoys educating her audiences about the nuances of money, and her work has been featured on numerous sites, including Forbes, AllBusiness, and Cision.

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