Student loan payments will soar if borrowers don’t act soon, but glitches abound
AI Summary
Millions of student loan borrowers face higher payments unless they switch to a different, potentially more affordable repayment plan soon. However, the process to change plans has been fraught with technical issues, causing confusion and delays. This could leave many stuck in the most expensive repayment plan by default. It's crucial for borrowers to act quickly and be aware of the pitfalls in the system to avoid unexpected financial strain.
Original Source
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