Rapid Response: SAVE Plan Update
Over the past few weeks, the judicial fight over the future of the SAVE federal student debt repayment plan has left millions of working people in limbo. After a federal court dismissed a backroom deal between Trump’s Department of Education and Missouri’s right-wing Attorneys General to end the affordable SAVE program, a brief opportunity emerged for student debtors to re-enroll in SAVE, access lower monthly payments, and make progress towards debt cancellation. But just days later, a federal appeals court reversed this decision, moving forward with a settlement that would once again end SAVE.
Instead of supporting student debtors struggling with a cost of living crisis and skyrocketing gas prices, our federal government is giving debtors the runaround and denying them access to the most affordable payment plan in history.
In partnership with Student Debt Crisis Center and Public Goods Practice, we’re organizing debtors to demand that the Trump administration protect and fully implement SAVE, deliver cancellation to qualified debtors, and restore access to SAVE repayment benefits like lower monthly payments. On March 9, a group of these debtors filed a lawsuit (Havens v. U.S. Department of Education) to sue the administration alleging that the Department’s refusal to implement the SAVE Plan Final Rule violates federal administrative law by denying them the relief they are entitled by regulation and statute. One week later, the same group of debtors asked a judge to reconsider termination of the SAVE Plan.
As the nation’s only union of debtors, these types of actions would not be possible without the support of our members — three of whom are representing student debtors across the country as individual plaintiffs in this lawsuit.
On Thursday, March 26, we will be hosting a call in partnership with Student Debt Crisis Center and Public Goods Practice to explain these developments and discuss next steps for debtors and for the movement.
