US ends illegal SAVE student loan plan, millions of borrowers to switch to legal repayment options
U.S. Ends Illegal SAVE Student Loan Plan The US Department of Education has officially ended the controversial ‘Saving on a Valuable Education’ (SAVE) Plan, which was repeatedly blocked by courts for being illegal. Around 7.5 million borrowers who joined the SAVE Plan based on promises of “student loan forgiveness” and unusually low monthly payments will…