- United States
- Letter
Defend vital Save student loan repayment plan
To: Justices Court
From: A constituent in Elizabethton, TN
July 19, 2024
The Save student loan repayment plan is crucial for providing much-needed relief to millions of borrowers struggling with unaffordable monthly payments. Blocking this program would have devastating consequences, undoing years of hard work and compliance with existing repayment plans. The Save plan simply streamlines and improves upon existing income-driven repayment options, allowing borrowers to get on a faster path to loan cancellation based on their income and family size. Overturning it now would create chaos, forcing the Department of Education to reprogram systems, retrain staff, and recalculate payments - potentially taking months and requiring many to be placed in forbearance during that transition period. This would upend the lives of those who have come to rely on the affordable monthly payments under Save. Rather than allowing politically-motivated lawsuits to derail this vital program, we urge you to defend the Save plan to provide certainty and continued debt relief to the millions of borrowers it serves.