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News in English (USA) / 27.03.2026 / 23:00

Student Loan Borrowers Face New Challenges as Education Department Overhauls Repayment Plans

The U.S. Department of Education is taking significant steps regarding student loan borrowers who were enrolled in the recently declared unlawful SAVE Plan. With over 7 million individuals affected, these borrowers must quickly transition to new repayment options as the department sets deadlines for changes. Many are facing increased monthly payments after two years of uncertainty, prompting reactions from political figures. Former President Trump has urged borrowers to select new plans or risk higher costs under less favorable terms. As the education landscape evolves, millions of borrowers must navigate their new repayment responsibilities amidst challenges stemming from the collapse of the Biden-era plan.
U.S. Department of Education (.gov), Pittsburgh Post-Gazette, the-independent.com, The Washington Post, Business Insider, The Hill, CNBC, Forbes, Investopedia, Common Dreams