Student Loan Default Repayment Restart

Millions of Americans will have to start repaying student loans in default, as President Trump's second administration ends the pandemic-era reprieve on federal student loans. Borrowers facing repercussions like wage garnishment and credit score drops.

Changes in Student Loan Repayment Plans

Big changes are coming for student loan borrowers on July 1, with the SAVE plan cutting monthly payments in half for many borrowers. The plan exempts more income from payments and stops interest accumulation beyond what a borrower can afford. While some disagree with the level of debt forgiveness, the program is set to proceed despite legal challenges.