student-loan borrowers
Coverage of student-loan borrowers in the Nexus archive.
- The 3 things student-loan borrowers told us are confusing them the most right now
Student-loan borrowers are navigating confusion stemming from repayment changes that took effect on July 1, resulting from an overhaul. Borrowers have reported encountering inaccurate bills and payment glitches, while the transition away from the SAVE plan has complicated budgeting efforts due to confusing notification processes. Furthermore, the Department of Education confirmed instances where borrowers received incorrect payments or were wrongly notified of past-due statuses.
- Student-loan borrowers face major changes that start today. Your repayment plan may be phased out.
Student-loan borrowers are encountering significant changes starting today, with their repayment plans potentially being phased out. Notices for the SAVE plan will be sent in July, while other repayment plans are either being phased out or introduced.
- Student-loan borrowers get new timeline for leaving a key repayment plan — and some will have 'even more time'
The Trump administration confirmed that student-loan borrowers on the SAVE repayment plan will not need to transition to a new plan until at least September 29, with most receiving more time due to a phased rollout. This follows the elimination of the SAVE plan, a Biden-era initiative, and comes amid a lawsuit challenging the transition to more expensive repayment options.