The federal government’s Saving on a Valuable Education (SAVE) repayment plan for federal student loans has concluded, impacting over seven million borrowers. These individuals now face a September 29 deadline to select a new repayment option, or they will be automatically placed into a standard repayment plan. Consumer advocates warn that this transition could result in higher monthly payments for many, creating additional financial strain for families already grappling with the rising cost of living.
Charlene Crowell, a longtime advocate for consumers and economic justice joins the Rhythm & News podcast to tell us more.
Interview by Chris B. Bennett.
