The Trump administration announced a proposed joint settlement with Missouri that could soon force millions of borrowers in a Biden-era payment pause back into repayment.
Student loan borrowers who remain enrolled in the Saving on a Valuable Education plan forbearance will need to select a new repayment plan, the U.S. Department of Education said in a press release on Tuesday.
The entire SAVE plan has been blocked since February, when the 8th U.S. Circuit Court of Appeals sided with Republican-led states that argued former President Joe Biden lacked the authority to establish the student loan relief plan.