The U.S. Department of Education announced a proposed settlement to discontinue the Saving on a Valuable Education (SAVE) student loan repayment plan, which had faced legal challenges from Republican state attorneys general.This move will transition approximately 7 million current SAVE borrowers to alternative plans, while separately, an estimated 100,000 borrowers face significant tax bills on forgiven Income-Driven Repayment (IDR) loans due to an expiring exemption not extended by the Trump administration.Democratic senators, including Elizabeth Warren, are urgently calling for the reinstatement of this tax exemption by year-end to prevent financial hardship for families, a plea met with skepticism by the Treasury Department despite warnings from advocates like Persis Yu about potential defaults.