Student loan borrowers may face higher payments under Trump

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Student loan borrowers may face higher payments under Trump
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Consumer advocates are worried about the fate of the U.S. Department of Education’s SAVE repayment plan in a second Trump administration.

Consumer advocates are worried about the fate of the U.S. Department of Education's new affordable repayment option for borrowers, known as SAVE, under President-elect Donald Trump.

10 affordable and thoughtful gifts under $50, recommended by Make It staff: ‘I'd buy it again in a heartbeat' When Trump returns to the White House in January, borrowers enrolled in SAVE should be prepared for that forbearance to come to an end, said Malissa Giles, a consumer bankruptcy lawyer in Virginia.Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weekly

Around 8 million borrowers signed up for the new income-driven repayment, or IDR, plan, according to the White House.

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