The Coming Storm: A Looming Crisis in Student Loan Repayments As the deadline for federal student loan borrowers to exit the defunct Saving on a Valuable Education (SAVE) plan approaches, many are facing a stark reality: their monthly payments could soon double or even triple.
For those who have been slow to act – and there are millions of them – the consequences will be dire. The SAVE plan's demise is well documented.
Despite its popularity, it was ultimately overturned by Republican led legal challenges and legislation.