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8th Circuit Approves Trump's Settlement, Sparks Student Loan Concerns

3/10/2026

Summary

Story summary

The 8th Circuit Court directed a district court to approve U.S. President Donald Trump's Missouri settlement to eliminate the SAVE plan.
The ruling requires enrolled borrowers to transition to a new repayment plan and denies SAVE applications.
Advocates criticize the decision, warning it will create unaffordable payments for millions of borrowers.
The Department of Education plans broader changes to student-loan repayment starting in July, including phasing out SAVE by 2028.

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Story summary

The 8th Circuit Court directed a district court to approve U.S. President Donald Trump's Missouri settlement to eliminate the SAVE plan.
The ruling requires enrolled borrowers to transition to a new repayment plan and denies SAVE applications.
Advocates criticize the decision, warning it will create unaffordable payments for millions of borrowers.
The Department of Education plans broader changes to student-loan repayment starting in July, including phasing out SAVE by 2028.