Millions of Student Loan Borrowers Will Soon Have Higher Monthly Payments
Investopedia·2025-12-19 09:00

KEY TAKEAWAYS Millions of borrowers on the Saving for a Valuable Education plan will soon need to move to another repayment plan and resume making payments for the first time in over a year.Depending on a borrower's situation, their new monthly payments could be anywhere from 10to10 to 500 more than what they were under the SAVE plan. The Saving for a Valuable Education repayment plan for federal student loans is coming to an end, which means millions of borrowers need to choose a new, and likely more expe ...