When the Biden administration’s Saving on a Valuable Education (SAVE) program was paused earlier this year, some borrowers who were enrolled in the program saw their monthly pay

House Republicans have a plan to drastically change how millions of Americans repay their student debt. Under the GOP’s new proposal, known as the Student Success and Taxpayer Savings Plan, there would be just two repayment options for those with federal student loans.

Lawmakers advanced the Student Success and Taxpayer Savings Plan, which could make significant structural changes to how borrowers repay their federal loans.