June's Supreme Court Ruling: Ruled against Biden's $20,000 loan forgiveness plan. This left 40 million Americans in uncertainty.

Pause due to COVID: Loan repayments were halted for three years because of the pandemic. Set to resume in October.

Introducing Save: A new student loan repayment plan. Aims to refine previous income-driven repayment strategies.

Opinions on Save: Falls short of full debt forgiveness but offers significant relief. Mike Pierce of the Student Borrower Protection Center calls it "a big step forward."

What's New?: Focuses on fair interest rules. Ensures debt doesn't increase from compound interest given timely full payments.

Interest Challenge in Past: Before, consistent minimum payments often couldn't keep up with interest rates, making debt grow. Save aims to stop this.

Relief for Borrowers: Save trims the total debt for many, sometimes offering more relief than the initial plan.

Change for Married Borrowers: Previously, spouses' incomes counted towards repayment plans. Now, only the borrower's income is considered.

Help for Low-Income Borrowers: Individuals earning less than $15/hr will have a $0 monthly payment. This benefits up to an additional 1 million borrowers.

Parents Left Behind: Parents using Parent Plus loans for their children's education won't see benefits. They face the same monthly payments.

Looking Ahead: Loans will be forgiven after 25 years max. More student loan system modifications are expected next summer.