Biden-era SAVE plan
Coverage of Biden-era SAVE plan in the Nexus archive.
- New student loan rules take effect, changing payments and borrowing limits
New student loan rules effective this month eliminate the Biden-era SAVE plan, introduce higher repayment rates, and set borrowing limits for master's and professional students. Support services in Wayne County and financial aid advisers are assisting borrowers in navigating the changes.
- You are not alone in navigating student debt changes. Here is what you can do
Student loan borrowers face new repayment challenges as the Trump administration’s One Big Beautiful Bill Act ends Biden-era income-based plans, potentially increasing monthly payments. Elizabeth Hill, a therapist with $145,000 in debt, highlights the struggles of borrowers relying on expired Obama-era forgiveness programs. California data shows rising delinquency rates, with Southern California holding $70.7 billion in student debt, over half owned by women.