What the end of the SAVE plan means for millions of student loan borrowers

This week, the Trump administration announced a proposed settlement with the state of Missouri that said it would end the Saving on a Valuable Education (SAVE) plan — upending the repayment plans of millions of student loan borrowers across the country. Initially, President Trump’s One Big Beautiful Bill had set the student loan repayment plan's expiration date as July 1, 2028. However, the new deal, which is pending court approval, would end it even sooner than expected. The Department of Education said ...