Story perspectives

Trump Administration Ends SAVE Program, Impacting 7 Million Borrowers

3/28/2026

Summary

Story summary

U.S. President Donald Trump's administration will end the Saving on a Valuable Education (SAVE) program, affecting more than 7 million borrowers.
The Department of Education will require borrowers to switch plans within 90 days or risk automatic enrollment in a more expensive Standard Plan.
Nearly 9 million borrowers are already in default.
Senator Elizabeth Warren criticizes the decision as worsening the affordability crisis amid rising living costs.

History

Historical Context

The U.S. government ended the Federal Family Education Loan (FFEL) Program in 2010, transitioning to direct lending to save taxpayers an estimated $61 billion over ten years. This shift affected over 7 million borrowers and aimed to streamline loan management. As student loan debt continues to rise, the recent decision to end the SAVE program underscores ongoing challenges in affordability and repayment for nearly 9 million struggling borrowers.

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Story summary

U.S. President Donald Trump's administration will end the Saving on a Valuable Education (SAVE) program, affecting more than 7 million borrowers.
The Department of Education will require borrowers to switch plans within 90 days or risk automatic enrollment in a more expensive Standard Plan.
Nearly 9 million borrowers are already in default.
Senator Elizabeth Warren criticizes the decision as worsening the affordability crisis amid rising living costs.

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