Student borrowers enrolled in the federal Saving on a Valuable Education, or SAVE, plan must find a new repayment plan or be automatically enrolled in one. (Getty Images)
What borrowers need to know
WASHINGTON — A federal court order last month to effectively axe a Bidenera student loan repayment plan capped years of chaos for more than 7 million student borrowers enrolled in the program.
The Saving on a Valuable Education, or SAVE, plan marked a cornerstone of the Joe Biden administration’s loan forgiveness efforts but became mired in legal challenges from several G…