A court has ruled the SAVE student loan repayment plan illegal, stripping hundreds of thousands of borrowers of a key low-payment option and forcing them to reassess repayment strategies.

Nearly 500,000 borrowers have been rejected from the SAVE loan program, forcing many to seek alternative repayment options ...

The new Republican spending bill will usher in a sweeping overhaul of the federal student loan system for both current and future borrowers.