Education Department directs student borrowers in SAVE plan to prepare for repayment
Headline from Christian Science Monitor
Loan servicers will offer borrowers 90 days to pick new repayment plans as part of President Trump's efforts to end Biden-era student debt relief.
Christian Science Monitor's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
The Education Department will begin forcing millions of student loan borrowers in an income-driven repayment plan to change programs in the coming weeks.
More than 7 million student loan borrowers who've been enrolled in a Biden-era repayment plan will receive notices with instructions to seek a new plan to repay their debt.
More than 7 million student loan borrowers who've been enrolled in a Biden-era repayment plan will receive notices with instructions to seek a new plan to repay their debt. The Education Department says the borrowers will receive the notices beginning Friday.
The Education Department told 7.5 million SAVE Plan borrowers to switch to a legal repayment option by fall or face automatic enrollment in pricier plans.
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