SAVE Plan
The Saving on a Valuable Education (SAVE) plan is an income-driven repayment (IDR) plan developed through the negotiated rulemaking process in 2021-22. Implementation of the SAVE plan started in early 2024, but lawsuits soon followed, and it has been held up in litigation since.
This page serves as a central hub for NASFAA's coverage of the SAVE plan, including articles, resources, media mentions, and policy updates. Given that SAVE emerged from the neg reg process, you can also explore our negotiated rulemaking page for more background on its development.
Resources
- February 28, 2025 - OTC Inside The Beltway: Unpacking ED's DEI Dear Colleague Letter, SAVE Plan Updates, and Batch Corrections Functionality
- February 25, 2025 - Biden Administration Debt Relief Timeline (PDF)
- January 29, 2025 - Public Service Loan Forgiveness (PSLF) Buyback Explainer Infographic (PDF)
Today’s News Coverage
- February 25, 2025 - Court Ruling Affirms Blocking of SAVE Plan While Next Steps for the Program Remain Uncertain
- January 30, 2025 - PSLF Buyback Program: A Way to Have SAVE Plan Forbearance Months Counted Towards Loan Forgiveness
- November 18, 2024 - Citing Legal Challenges to SAVE Program ED Moves to Renew ICR, PAYE Repayment Plans
- October 23, 2024 - ED: Borrowers Enrolled in SAVE Repayment Plan Expected to Remain in Forbearance for ‘Six Months or Longer’
- July 12, 2023 - ED Releases Final Rule on Latest Income-Driven Repayment Plan
NASFAA in the News
- CNET: Stay With SAVE for Student Loan Forgiveness, Experts Say -- With 4 Exceptions
- Newsweek: Student Loan Borrowers Could See Higher Payments After Judge's Ruling
- Investopedia: How SAVE Plan Pause Affects Student Loan Borrowers Seeking Public Service Forgiveness
- Investopedia: What's Next For Student Loan Borrowers As SAVE Plan is Put On Ice
- Forbes: What Will Trump’s Second Term Mean for Student Loans
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