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After a long court battle, the SAVE plan is officially kaput.<\/p>\n<\/div>\n
Launched in 2023, the Biden administration\u2019s Saving on a Valuable Education (SAVE) federal student loan repayment plan was created to replace the outgoing REPAYE program\u2013and help keep Biden\u2019s campaign promise to forgive student loans.<\/p>\n
Under the SAVE plan<\/a>, a borrower\u2019s monthly payment would be calculated based on income and family size and could be set as low as $0 per month for the lowest-earning borrowers. The program also fast-tracked forgiveness<\/a> for those who borrowed less than $12,000.<\/p>\n Several states sued the Biden administration in 2024<\/a>, arguing that the SAVE plan exceeded the administrative branch\u2019s statutory authority. Payments were paused<\/a> for borrowers enrolled in the SAVE program during the litigation process, but interest began accruing on the loans as of August 2025.<\/p>\n<\/div>\n The Eighth Circuit Court of Appeals decision<\/a> on March 10 officially ended the SAVE plan for good\u2013and borrowers are left with the less-than-reassuring message that they can expect \u201cclear guidance\u201d from the Department of Education in the coming weeks.<\/p>\n To get some direct answers about what student loan borrowers should do about the end of the SAVE program, I talked to student loan expert and author Mark Kantrowitz<\/a>. Here\u2019s what you need to know.<\/p>\n Some of the reportin<\/a>g about the end of the SAVE plan has included information about the Havens v. U.S. Department of Education<\/a> (ED) lawsuit which was filed hours before the Eighth Circuit Court\u2019s decision. This lawsuit argues that the ED is compelled to implement the SAVE plan.<\/p>\n<\/div>\nStick a fork in it\u2014SAVE is done<\/h2>\n