SAVE Plan Canceled: Student Loan Borrowers Face Higher Payments
California News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Over seven million student loan borrowers, enrolled in the SAVE plan, face higher monthly payments starting this Friday due to a federal court ruling. The Education Department mandates choosing a new repayment option within ninety days. The new Repayment Assistance Plan offers terms from ten to twenty-five years, based on income and family size. Borrowers must act fast to avoid the rush and secure a plan.
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