How Much Could Student Loan Payments Skyrocket for SAVE Borrowers? We Did the Math

How Much Could Student Loan Payments Skyrocket for SAVE Borrowers? We Did the Math

If you're enrolled in the Saving on a Valuable Education repayment plan, expect to pay more once the payment pause ends.

Still Paying Off Student Loans? You’re Not Alone — Here’s How Long It Really Takes

Let’s be honest—student loans can feel like a life-long burden. One minute you’re tossing your graduation cap in the air, and the next, you’re staring at a bill that might take decades to pay off. It’s frustrating, overwhelming, and can mess with your plans for buying a home, saving for retirement, or even just living comfortably. So how long does it actually take the average person to pay off student loans? Short answer: it depends. But most pe…

How Much Could Student Loan Payments Skyrocket for SAVE Borrowers? We Did the Math - WorldNL Magazine

Getty Images/CNETAbout 8 million federal student loan borrowers had hopes of smaller monthly payments and lower lifetime costs when the Biden administration rolled out the Saving on a Valuable Education (SAVE) repayment plan in 2023. But with SAVE officially shot down, you may be worried about how your monthly payments could change.Under income-driven repayment (IDR) plans, many borrowers who fell below certain income levels have had their payme…