economy
More than 7 million student loan borrowers are in a defunct payment plan
Here's what student loan borrowers should know about the consequences of remaining in the SAVE forbearance — and what their other options are.
TL;DR
- More than 7 million student loan borrowers are in a defunct payment plan.
- Borrowers in the SAVE forbearance face specific consequences.
- Understanding these consequences and exploring other options is crucial for affected borrowers.