Nearly 7 million student loan borrowers remain in defunct Biden-era payment plan: Trump official

Damircudic | E+ | Getty Images Nearly 7 million federal student loan borrowers remain enrolled in a defunct Biden administration-era repayment plan , Nicholas Kent, a top official at the U.S. Department of Education, told CNBC on Thursday. By staying in the Saving on A Valuable Education, or SAVE , plan, these borrowers' debts are growing, and they're not making progress toward student loan forgiveness, said Kent, the undersecretary of education at the agency. …