US ends illegal SAVE student loan plan, millions of borrowers will switch to legal repayment options
US ends illegal SAVE student loan plan The US Department of Education has officially ended the controversial ‘Saving on a Valuable Education’ (SAVE) plan, which was repeatedly struck down by courts as illegal. About 7.5 million borrowers who joined the SAVE plan based on promises of “student loan forgiveness” and unusually low monthly payments will…