Education Department sets deadline for student loan borrowers to get out of SAVE Plan

The Education Department announced Friday that student loan borrowers will have to get out of the Biden-era Saving on a Valuable Education (SAVE) Plan by the end of the summer.   More than 7.5 million borrowers are still in the SAVE Plan after a court officially terminated what had been called the most generous student loan repayment option available.   On July 1,…