August 20, 2025

The federal government

Loans

Trump has scrapped SAVE program that paused interest on federal student loans — what borrowers can do

Back-to-school season has kicked off with anxiety for more than 42 million people carrying federal student debt. The federal government holds 91.6% of all student loans in the country. President Donald Trump is shutting down the SAVE (Saving on a Valuable Education) program, established in 2023 under the Biden administration. SAVE paused interest on federal

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