Education Department Reaches Deal to Dismantle Biden’s Student Loan Plan

Some 7 million student loan borrowers would have to enroll in a different program and repay their debt if a court approves the settlement.
Education Department Reaches Deal to Dismantle Biden’s Student Loan Plan
President Joe Biden speaks about student loan relief at Madison College in Madison, Wis., on April 8, 2024. Andrew Caballero-Reynolds/AFP via Getty Images
Bill Pan
Bill Pan
Reporter
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The Trump administration is moving to dismantle the federal student loan repayment plan known as SAVE, the last remnant of the Biden-era effort to provide large-scale student debt relief.

The U.S. Department of Education announced on Dec. 9 that it had reached a proposed settlement with Missouri and six other Republican-led states that sued to block the SAVE plan. The plan still needs approval from the U.S. District Court of the Eastern District of Missouri’s Eastern Division.