Connect with us

Ohio

DOE aims to end Biden student loan repayment plan. What it means for Ohio

Published

on

DOE aims to end Biden student loan repayment plan. What it means for Ohio


play

  • The Department of Education has agreed to a settlement to end the Biden-era SAVE student loan repayment plan.
  • Over seven million borrowers currently on the SAVE plan will need to select a new repayment program if the court approves the settlement.
  • Ohio has about 1.7 million student loan borrowers and over $60 billion in debt. The average student loan debt in the state is approximately $35,072.

Student loan borrowers under the Biden-era student loan repayment plan, Saving on a Valuable Education (SAVE), may soon have to select a new repayment plan after the U.S. Department of Education agreed to a measure to permanently end the program.

A proposed joint settlement agreement announced Tuesday between the DOE and the State of Missouri seeks to end what officials call the “illegal” SAVE program, impacting more than seven million SAVE borrowers who would have to enroll in another program. The settlement must be approved by the court before it can be implemented.

Advertisement

Ohio borrowers carry some of the nation’s highest student loan debt. Here’s how the proposed change could affect them.

What is the SAVE plan?

Originally known as REPAYE, the Saving on a Valuable Education (SAVE) plan was created to deliver the lowest monthly payments among income-driven repayment programs. Under the Biden administration, it became the most affordable option for borrowers.

According to USA TODAY, the SAVE plan was part of Biden’s push to deliver nearly $200 billion in student loan relief to more than 5 million Americans. It wiped out $5.5 billion in debt for nearly half a million borrowers and cut many monthly payments down to $0.

But officials in President Donald Trump’s administration claim the Biden plan was illegal.

Why does the Department of Education want to end the SAVE plan?

The DOE says the SAVE plan aimed to provide mass forgiveness without congressional approval, costing taxpayers $342 billion over 10 years. In a press release, the Department said the administration promised unrealistically low payments and quick forgiveness without legal authority.

Advertisement

“The Trump administration is righting this wrong and bringing an end to this deceptive scheme,” Under Secretary of Education Nicholas Kent said in a release. “Thanks to the State of Missouri and other states fighting against this egregious federal overreach, American taxpayers can now rest assured they will no longer be forced to serve as collateral for illegal and irresponsible student loan policies.”  

If the agreement is approved by the court, no new borrowers will be able to enroll in the SAVE plan. The agency says it will deny any pending applications and move all SAVE borrowers back into other repayment plans.

Borrowers currently enrolled in the SAVE Plan would have a limited time to select a new repayment plan and begin repaying their student loans.

The DOE adds that it is working on the loan repayment provisions of the “One Big Beautiful Bill” Act, which created a new Income-Driven Repayment plan called the Repayment Assistance Plan (RAP), that will be available to borrowers by July 1, 2026.

Advertisement

How many people in Ohio have student loan debt?

Numbers from the Education Data Initiative show that there are about 1.7 million student loan borrowers in Ohio, carrying over $60 billion in debt. The average student loan debt is approximately $35,072.

Ohio also ranks No. 10 among the states with the most student debt, according to personal finance site WalletHub.

How much money does Ohio get from the Department of Education?

The DOE budget for Ohio for fiscal year 2025 is estimated to be more than $5.65 billion, The Columbus Dispatch previously reported.

President Trump announced his intentions to eliminate the Department of Education earlier this year, meaning that Ohio could lose more than $5 billion in annual funding.



Source link

Advertisement

Ohio

Get tickets to NIL event, Saddle Up, after the Ohio State spring game

Published

on

Get tickets to NIL event, Saddle Up, after the Ohio State spring game


We are less than one week away from the annual Ohio State spring game, and there will be plenty to observe and dissect on the field, but there’s a massive event after all of the action that you might want to be a part of.

For the fourth year in a row, the OSU program will host its premier Name, Image and Likeness event, “Saddle Up,” featuring musical artist Darius Rucker. Included with the event will not only be music, but a silent auction, dancing, and the fourth annual “Run For The Scarlet and Gray” horse race with Buckeye celebrity Jockeys.

The event is set to take place at the Woody Hayes Athletic Center at 535 Irving Schottenstein Drive in Columbus. Doors open at 6:00 p.m. ET, and the event is scheduled to last until 11:00 p.m. To get tickets, you can visit go.osu.edu to find out more.

So, if you want to be a part of helping fund the Ohio State football program and also enjoy a night that will no doubt be memorable, consider checking it out.

Advertisement

Contact/Follow us @BuckeyesWire on X (formerly Twitter) and like our page on Facebook to follow ongoing coverage of Ohio State news, notes, and opinion. Follow Phil Harrison on X.



Source link

Continue Reading

Ohio

Columbus Aviators head coach, ex-Ohio State WR Ted Ginn Jr. charged with DWI

Published

on

Columbus Aviators head coach, ex-Ohio State WR Ted Ginn Jr. charged with DWI


Columbus Aviators head coach and former Ohio State wide receiver Ted Ginn Jr. has been charged with driving while intoxicated in Tarrant County, Texas, according to multiple reports.

Ginn was stopped at 12:58 a.m. April 11 for traffic violations and an officer conducted a DWI investigation, Euless police spokesperson Brenda Alvarado told The Dallas Morning News. He was subsequently arrested, she said.

Ginn Jr. posted a $1,000 bond and was released, according to ABC6.

Advertisement

The Aviators face the Dallas Renegades at noon ET April 12.

“We are aware of an incident involving Head Coach Ted Ginn Jr. over the weekend and are in the process of gathering more information,” UFL president and CEO Russ Brandon said in an statement emailed to The Dispatch.

Brandon stated that Aviators offensive coordinator Todd Haley would assume head coach duties for the April 12 game.

Ginn Jr. was named the coach of the Aviators in December 2025. He had no prior head coaching experience. Before his 14-year-long career in the NFL, Ginn Jr. played receiver for Ohio State from 2004-06. He was the No. 9 pick in the 2007 NFL Draft.

Advertisement

The Dispatch has reached out to the Tarrant County Sheriff’s Department for more information related to Ginn Jr.’s arrest. The Dispatch also reached out to the UFL about Ginn Jr.’s charge.

This story was updated with more details on the arrest.



Source link

Advertisement
Continue Reading

Ohio

Both directions of I-71 closed due to fiery crash in Delaware County

Published

on

Both directions of I-71 closed due to fiery crash in Delaware County


DELAWARE, Ohio (WCMH) — Both sides of Interstate 71 are closed due to a serious injury crash at US-36/SR-37.

I-71 is closed in both directions at US-36/SR-37 due to a fiery collision Saturday evening at 6:27 p.m. According to Ohio State Highway Patrol, 12 vehicles, including one semi truck, were involved in the collision.

Three people were taken to hospitals from the scene. Their condition was not immediately known.

Carissa Shaw, a driver who witnessed the crash, said that the scene was unbelievable.

Advertisement

“I saw the semi on the other side going northbound. Running into vehicles and coming towards the median right to my left. And immediately flames were shooting into the air. It was one of those moments where it’s like slow motion and you’re thinking, am I seeing what I’m seeing? It was so wild,” Shaw said. “People ran over to a red vehicle that was right to my left, and tried to help, but, the whole driver’s side was mangled.”

The Ohio Department of Transportation is urging drivers to take alternate routes.



Source link

Advertisement
Continue Reading

Trending