SAVE Plan: May Update

On March 9, a group of 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. The Department of Justice responded to the debtors by telling them that they waited too long to intervene, so they don’t have a right to be heard. Now, we’re waiting on the court to issue a decision. The judicial fight over the future of the SAVE federal student debt repayment plan has left millions of working people in limbo.

Meanwhile, many debtors are wondering what to do – should they get out of the SAVE Plan? If so, when? Is there anything we can do to push back on these changes?

We will be discussing these questions and more on Wednesday, May 27.

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