The federal government has just replaced the old SAVE plan with two fresh repayment options under the RISE program, and anyone with a federal student loan has about three months to pick one. Instead of the SAVE plan’s promise of smaller payments and no extra interest, borrowers now face a simpler ch
The SAVE plan, which was designed to ease the financial burden on millions of federal student loan borrowers, has been discontinued. This means that those who were benefiting from this income-driven repayment plan will soon face higher monthly payments. The pause on payments is expected to last unti
The Supreme Court has put on hold the latest plan from the Biden administration to lower payments for millions of borrowers, pending the outcome of lawsuits making their way through lower courts. The plan aimed to provide a faster path to loan cancellation and reduce monthly income-based repayments
In a brazen power play that reeks of desperation ahead of the midterms, President Biden is trying to bypass Congress and sneakily forgive nearly $147 billion in student loans through his Education Department. Seven Republican-led states are crying foul, suing the administration for what they claim
