Many federal student loan borrowers could see their monthly bills double or even triple in the coming weeks if they don't exit a now-defunct affordable repayment plan . Earlier this year, the Trump administration alerted borrowers that they'd have roughly 90 days to transition from the Saving on a Valuable Education, or SAVE, plan to another program. That period began July 1 for some SAVE borrowers, meaning their deadline is just days away, on Sept. 29. Servicers have been notifying their borrowers in waves , so many borrowers have more time. The Biden administration-era income-driven repayment plan SAVE offered very low monthly payments to many loan holders but was ultimately overturned by Republican-led legal challenges and legislation.
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