Over 200,000 Borrowers Demand Student Loan Repayment Pause Following End of SAVE Plan

A coalition of over 200,000 student borrowers and their allies has demanded that Democratic congressional leaders secure a student loan repayment pause. This call comes after the Trump administration's student loan overhaul ended the Biden-era Saving on a Valuable Education (SAVE) plan, leading to millions of borrowers needing to select new repayment options and a reported surge in defaults. The Federal Reserve Bank of New York reported that outstanding student loan debt reached approximately $1.66 trillion in the third quarter of 2026.