Hello community. I just learned of the administrations new policy regarding the SAVE plan for federal loans. I have $96,000+ in federal loans that is enrolled in the SAVE plan renewal date February 2027. Worst case scenario looks like the governments next steps are garnishing wages for people in default, and doing away with the SAVE program. I’m really stressed. Definitely don’t want to be forced to pay through my low wages even though the payments would be low. What’re other people thinking?
Solidarity!