New Delhi, Dec. 10 -- The US Department of Education, under the Trump Administration, announced on Tuesday (December 9) a proposed joint settlement agreement with the State of Missouri that would end the controversial "Saving on a Valuable Education" (SAVE) student loan repayment plan.

The agreement, which requires court approval, concludes a lengthy legal battle led by Missouri and other states that repeatedly challenged the legality of the Biden Administration's mass student loan forgiveness efforts, including the SAVE Plan.

If approved by the court, the settlement will immediately cease the SAVE Plan, impacting more than 7 million currently enrolled borrowers who will need to transition to a legal repayment option.

-The Department w...