SAVE Student Loan Plan Stays Alive, RISE Plan Launches
Birmingham News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Federal Judge Preserves Bidens SAVE Student Loan Plan; RISE Plan Set to Launch
A federal judge has temporarily blocked the Trump administrations attempt to end the Biden-era SAVE student loan plan, which offers lower payments, no interest buildup, and eventual forgiveness. The ruling comes as a surprise, leaving borrowers and advocates uncertain about the plans future. Meanwhile, the Department of Education is preparing to launch the RISE plan with new repayment options, but no clear guidance exists for those switching from SAVE. With millions of Americans carrying student debt, the impact of these changes remains a significant concern.
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