Subject: Pay up kids, pay up
The government no longer cares about your ability to pay. Just pay up.
Education Dept. officially kills Biden-era student loan repayment plan
On Dec. 9, the federal Education Department announced a proposed legal agreement meant to kill the program known as the Saving on a Valuable Education, or SAVE, plan. The agency said it settled with several red states who sued to stop SAVE in March 2024.
If approved by the courts, the settlement will require that no new borrowers are enrolled in the SAVE program, which based monthly bills on borrowers' incomes and was hailed by the Biden administration as the most affordable student loan repayment option in history. The department will also deny any pending SAVE applications and move current borrowers into different repayment plans.
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Steve