End of the SAVE Plan Affects Public Service Loan Borrowers
The end of the SAVE Plan has forced public service loan borrowers to switch to more expensive repayment plans, increasing their monthly payments and delaying forgiveness. Over 90,000 borrowers are waiting for decisions on their PSLF Buyback applications, with some facing significantly higher costs. Policy changes have worsened the situation for many, leading to increased financial strain.
Topics: federal policy loan repayment Public Service Loan Forgiveness SAVE Plan student loans