Why student loan bills are doubling for millions as the SAVE plan ends this August – Times of India

Why student loan bills are doubling for millions as the SAVE plan ends this August – Times of India

Millions must switch repayment plans as SAVE student loan relief expires. (AI Image) Millions of federal student loan borrowers across the US are expected to see their monthly repayments double as the Biden-era SAVE (Saving on a Valuable Education) plan comes to an end. The plan, which allowed interest-free forbearance on repayments, is now effectively…

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Trump admin abruptly dismantles student loan repayment application, leaving millions in limbo – The Times of India

Trump admin abruptly dismantles student loan repayment application, leaving millions in limbo – The Times of India

The Trump administration has quietly dismantled the online application form for income-driven repayment (IDR) plans, blindsiding millions of student loan borrowers. IDR plans were akin to integral financial lifelines for some students, capping monthly payments based on borrowers’ earnings. The abrupt truncation of the programme has pushed borrowers into the dark, threatening financial instability for…

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