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SAVE Plan Ends: What Borrowers Must Do Now | Texas News
Millions of federal student loan borrowers are in a crunch as the SAVE plan ends due to a court order, forcing many to face higher payments and a 90-day window to choose a new repayment option—otherwise they’ll be auto-enrolled into standard repayment, which may not suit their financial situation. With Texas already leading the nation in student loan defaults—nearly 900,000 people owe $19.9 billion—experts warn this shift could push even more into default, wrecking credit scores and deepening the crisis. Borrowers are feeling overwhelmed: some have stopped paying altogether, while experts…
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