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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 $10 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 ...