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Story summary
- A federal judge dismissed a lawsuit against the Saving on a Valuable Education (SAVE) student loan plan, allowing the Department of Education to continue the program.
- Over 7 million borrowers are enrolled in SAVE, which provides lower payments and a path to forgiveness.
- The plan is scheduled to phase out by July 2028 due to congressional action.
- The Education Department has not announced plans to lift the forbearance that has paused payments, while interest continues to accrue.
- Experts recommend that borrowers explore alternative repayment options during this period.
