After two years of legal battles and confusion for student loan borrowers, a popular student loan repayment plan will be shut down — forcing over 7 million borrowers to find a new option.On Friday the ...
Over 7 million borrowers must switch plans after SAVE program ends. New rules mean higher monthly payments for most students. Loan payments will restart soon as notices roll out nationwide.
The Department of Education said 7.5 million borrowers are still enrolled in the program, but they must all enroll in an alternative repayment plan by Sept. 29.