Student loan SAVE plan repayment crisis 2026
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Student loan borrowers sue Trump administration over forgiven debts on credit reports
The lawsuit, Woods v. U.S. Department of Education, was filed in the U.S. District Court for the District of Columbia.
Eileen Connor is the president and executive director of the Project on Predatory Student Lending.
The borrowers allege that the Education Department still reports their debts to the major credit reporting companies, including Equifax, Experian and TransUnion.
Student loan borrowers exiting SAVE plan face higher payments
Borrowers who do not select another repayment plan within 90 days of being notified will be placed in either the Standard Repayment Plan or the Tiered Standard Plan.
More than 6.9 million borrowers were still in the SAVE plan as of March.
The Repayment Assistance Plan caps monthly payments between 1% and 10% of a borrower's earnings and offers loan forgiveness after 30 years.