The Education Department announced a proposed settlement to discontinue the SAVE student loan repayment plan, following legal challenges from Republican state attorneys general, a move impacting approximately 7 million current borrowers.Under Secretary Nicholas Kent stated that taxpayers would no longer collateralize "illegal and irresponsible student loan policies," with current SAVE participants required to select new plans by July 2026, when new options from the OBBBA launch.Separately, an estimated 100,000 IDR borrowers, including Maureen J., face new tax bills on forgiven debt as a five-year exemption expired and was not extended, prompting criticism from advocates like Persis Yu and concern from Elizabeth Warren.