Student Loan Payments May Increase Under Trump

People enrolled in the Saving on a Valuable Education Plan might be forced into alternative loans with significantly higher monthly rates, CNBC reported on Friday.

President-elect Donald Trump made clear on the campaign trail he was not a fan of the SAVE Plan and experts are assuming that it will go away when Trump takes office next year.

Betsy Mayotte, president of The Institute of Student Loan Advisors told the outlet, “For those worried about SAVE going away, I think it probably will, unfortunately.”

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