SAVE plan
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(2)Student-loan borrowers should be prepared for major changes coming in 2026
Student loan borrowers face significant changes in 2026, primarily due to the 'fiscal cliff' where federal funding for several relief programs is set to expire. This could lead to higher monthly payments and fewer repayment options for many, especially those who benefited from pandemic-era forbearance and the SAVE plan.
Trump administration moves to scrap Biden-era student-loan repayment plan
The Trump administration is reportedly preparing to eliminate the Biden-era student loan repayment plan, known as the SAVE plan. This move, if implemented, would reverse a program designed to offer more affordable monthly payments and potentially accelerate loan forgiveness for millions of borrowers, signifying a significant shift in federal student loan policy.
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