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Trump Moves to End Controversial SAVE Student Loan Program

12/16/2025

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Summary

Story summary

U.S. President Donald Trump plans to end the Saving on a Valuable Education (SAVE) program.
U.S. Department of Education calls SAVE an 'illegal student loan bailout' and plans to end it.
If a Missouri settlement is approved, borrowers will switch to new repayment plans and lose SAVE eligibility.
Critics, including Under Secretary Nicholas Kent and Missouri Attorney General Catherine Hanaway, say Biden's plan misled borrowers and shifted debt to taxpayers.

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Story summary

U.S. President Donald Trump plans to end the Saving on a Valuable Education (SAVE) program.
U.S. Department of Education calls SAVE an 'illegal student loan bailout' and plans to end it.
If a Missouri settlement is approved, borrowers will switch to new repayment plans and lose SAVE eligibility.
Critics, including Under Secretary Nicholas Kent and Missouri Attorney General Catherine Hanaway, say Biden's plan misled borrowers and shifted debt to taxpayers.