Washington, DC-(Effingham Radio)- Millions of student loan borrowers may have to start making payments again soon. The Trump administration announced a proposed settlement with Missouri to end a Biden-era program that paused payments. Borrowers who are enrolled in the Saving on a Valuable Education plan will have to choose a new repayment plan.
An appeals court sided with Republican-led states and blocked the SAVE plan in February. Republicans argued the program was an illegal attempt by the Biden administration to circumvent a Supreme Court ruling that blocked his plan to cancel student loan debt in 2023.
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