GOP Forces Millions of Student Loan Borrowers Back Into Repayment, Sparking Anger
The SAVE program, designed to aid student loan borrowers, is likely ending due to a settlement between the Trump administration and several states’ attorneys general, which will force nearly eight million borrowers into new repayment plans. This will result in increased monthly payments, potentially doubling for some, and a potential “tax bomb” at the end of the loan term. This change could force people into financial hardship. This decision will likely exacerbate existing financial pressures, as many borrowers face other debts and rising costs, potentially leading to increased delinquency rates and economic disruption.
John Q. Hosedrinker