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SAVE plan

Student loan borrowers are in limbo while legal challenges wend through courts

by Samantha Fields
Sep 5, 2024
An appeals court has temporarily blocked a Biden plan that would reduce monthly payments for many to just 5% of their income.
The Biden administration rolled out the SAVE plan last year. The loans of 8 million borrowers were paused when an appeals court suspended the program in July.
Andrew Caballero-Reynolds/AFP via Getty Images
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