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The Independent UK
The Independent UK
Business
J.R. Duren

Millions of student loan borrowers face a painful payment shock

Federal student loan borrowers face a grim reality as they search for a new repayment plan.

Some 7.5 million borrowers on the SAVE repayment plan - which a federal appeals court struck down in March - will receive emails from their student loan servicers by December telling them they have 90 days to pick a new plan.

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