5 Takeaways For Student Loans As Millions Forced To Switch Repayment Plans

7 million student-loan borrowers could soon owe higher payments. Here's what to know.

President Donald Trump's administration announced an agreement to end the SAVE student-loan repayment plan.Rattankun Thongbun/Getty ImagesThe Trump administration announced an agreement to officially end the SAVE student-loan repayment plan.If approved, the settlement would require enrolled borrowers to move to a different plan and restart payments.SAVE borrowers would likely face higher payments under a new plan.It's looking like SAVE can't be …

Millions of borrowers in Biden’s SAVE plan would start paying under new settlement

Legal challenges put SAVE borrowers in limbo for months, a time during which they were not required to make payments on their loans. That would change if the proposed settlement is approved.

5 Takeaways For Student Loans As Millions Forced To Switch Repayment Plans

The Education Department's announcement makes clear that major changes are in store for student loans in the SAVE plan. Here's what student loan borrowers should know.