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The Independent UK
The Independent UK
Mike Bedigan

Trump tells 7 million student loan borrowers to pick a new repayment plan - or risk being placed in an expensive one

Over 7 million student loan borrowers enrolled in a Biden-era repayment scheme have been ordered to pick a new plan or risk being automatically placed on one vastly more expensive.

Borrowers enrolled in the Saving on a Valuable Education plan, known as SAVE, will begin receiving notices about switching to other ways to repay starting Friday, according to the Department of Education.

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