Biden, Trump and student loan
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The Education Department reached an agreement to settle a lawsuit that will bring an end to a Biden-era student loan repayment plan.
A lawsuit from Republican states, led by the Missouri attorney general, put SAVE borrowers in limbo for months, a time during which they were not required to make payments on their loans. That would change if the proposed settlement is approved.
Roughly 7 million borrowers will be moved to different repayment plans, the Trump administration said.