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Federal Court Ends SAVE Plan, Leaving 7.2M Borrowers in Limbo

3/25/2026

34 4 Full Breakdown

Summary

Story summary

A federal appeals court ordered the SAVE repayment plan to end, leaving borrowers without the program.
Borrowers enrolled in SAVE have seen their debts grow due to accruing interest, with the average loan balance around $57,000 and a 6.7% interest rate.
Payments had been paused since July 2024.
As of December, about 7.2 million borrowers were still in forbearance, facing potential financial challenges ahead.

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Story summary

A federal appeals court ordered the SAVE repayment plan to end, leaving borrowers without the program.
Borrowers enrolled in SAVE have seen their debts grow due to accruing interest, with the average loan balance around $57,000 and a 6.7% interest rate.
Payments had been paused since July 2024.
As of December, about 7.2 million borrowers were still in forbearance, facing potential financial challenges ahead.