Key developments: The federal appeals court struck down the SAVE repayment plan in March, prompting the Education Department to give 7.5 million borrowers 90 days to choose a new plan, with half likely seeing payments jump from a median $110…
Continue reading Major Shifts in U.S. Student‑Loan Policy – SAVE Plan Ends, Tax‑Bomb Looms, PSLF DelaysKey developments: A federal appeals court struck down the SAVE repayment plan in March, triggering a massive shift for about 7.5 million borrowers. Loan servicers are now emailing borrowers with a 90‑day window to select a new plan, and…
Continue reading Millions of Borrowers Face Higher Payments and New Tax Burdens as the SAVE Plan EndsKey developments: – The Department of Education is forcing 7.5 million borrowers out of the now‑defunct SAVE repayment plan. Servicers will email borrowers by December that they have 90 days to select a new plan, and those who miss the…
Continue reading Massive Shifts in U.S. Student‑Loan Policy: SAVE Plan Deadline, Interest‑Rate Discount Extension, Tax‑Bomb Threat, and New Borrowing CapsKey developments: – The federal appeals court that struck down the SAVE repayment plan in March has forced 7.5 million borrowers to choose a new plan within 90 days, with many slated to see payment jumps of $500 or more;…
Continue reading Massive Shifts in Federal Student Loans: SAVE Plan Cutoff, Auto‑Pay Interest Discount Extension, Upcoming Tax Bomb, and New Borrowing Limits
