The Education Department, under the Trump administration, announced a proposed settlement to discontinue the SAVE student loan repayment plan, impacting approximately 7 million current borrowers.This decision follows legal challenges from Republican state attorneys general, requiring current SAVE participants to select new plans by July 2026, potentially facing higher monthly payments.Separately, 100,000 Income-Driven Repayment (IDR) borrowers face new tax bills on forgiven debt as a five-year exemption expired, prompting criticism from advocates like Persis Yu and Elizabeth Warren.