SCOTT DETROW, HOST:
There's big news today for millions of federal student loan borrowers. The U.S. Department of Education says it's reached a proposed settlement. It would end a Biden-era repayment plan that has been tied up in the courts for more than a year. NPR's Cory Turner has been following the story and joins us now. Hi, Cory.
CORY TURNER, BYLINE: Hello.
DETROW: Before we get to the news of the settlement, remind us what this repayment plan was and why it ended up in court.
TURNER: Yeah. It's the Saving on a Valuable Education plan, but it's better known as SAVE. It was the most flexible and generous of all the income-driven repayment plans.
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