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SAVE borrowers face rising student debt
The article discusses the end of the Biden administration’s SAVE student loan repayment plan, which provided low monthly payments and quick loan forgiveness. Due to legal challenges, the plan was discontinued, and over 7.5 million borrowers must now select new repayment options, often resulting in significantly higher payments. Borrowers are advised to carefully review their options, as many may face increased financial burdens, impacting their personal and family decisions.
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