“We strongly disagree with the Kansas and Missouri District Court rulings, which block components of the SAVE Plan that help student loan borrowers have affordable monthly payments and stay out of default. The Department of Justice will continue to vigorously defend the SAVE Plan. The Biden-Harris Administration’s SAVE Plan is the most affordable repayment plan in history. We designed SAVE to cut undergraduate loan payments in half, avoid interest growth for borrowers making zero-dollar or low payments, and allow at-risk borrowers to reach forgiveness faster.
Statement from U.S. Secretary of Education Miguel Cardona on Missouri and Kansas District Court Rulings on Biden-Harris Administration’s Saving on a Valuable Education (SAVE) Plan
Jun 25, 2024