Education Dept. Agrees to End SAVE Student Loan Plan

Democratic narrative

Ending SAVE forces millions of low-income borrowers into unaffordable payments during a cost-of-living crisis, pushing families toward default while billionaire officials strike backroom deals. The program used lawful authority granted by Congress in 1993, yet Republicans are blocking debt relief for a decade to punish working people already struggling with food and housing costs. This capitulation strips away the most affordable repayment option and threatens economic stability for 12 million borrowers already behind on payments.