The Trump administration announced that it has reached an agreement with several Republican-led states to end former President Biden’s student loan repayment program. The program, called SAVE, which stands for Saving on a Valuable Education, is an income-driven repayment program which currently has more than 7 million borrowers. In a statement, the Education Department said it plans to stop all new enrollments under the plan, deny any pending applications and transition borrowers into other repayment plans. Natalia Abrams, president of the Student Debt Crisis Center, said, “Borrowers need real relief and stability, not a return to unaffordable, costly student loan payments that push them closer to financial crisis.”