Education Department tells 7.5 million student loan borrowers in “illegal” SAVE plan to prepare for repayment

Education Department tells 7.5 million student loan borrowers in “illegal” SAVE plan to prepare for repayment

More than 7 million student loan borrowers who’ve been enrolled in a Biden-era repayment plan will obtain notices starting Friday with directions to search a brand new plan to repay their debt, the Education Department mentioned. Borrowers enrolled in the SAVE plan, which was struck down by a federal courtroom earlier this month, have been…

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