US Education Secretary Linda McMahon testifies on Capitol Hill in Washington, DC, on May 14, 2026. McMahon is overseeing the Education Department’s wind-down of the SAVE plan, which is causing some student loan borrowers to see their monthly payments jump. (Photo by Kent NISHIMURA / AFP via Getty Images)
AFP via Getty Images
Borrowers are seeing their student loan payments jump by $500 or more as they are forced out of a popular repayment plan, according to a new report released last week. The spike in payments is hitting borrowers who are trying navigate complex changes to federal student loans following legislative and regulatory updates that went into effect earlier...
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