WASHINGTON D.C. — A new survey from Student Debt Crisis Center (SDCC) highlights the growing confusion surrounding July 1st changes to student lending and the inability of borrowers to make their newly increased student loan payments. In a staggering finding, 67% of borrowers reported they will not be able to afford their new monthly payment amount — an early indicator of a larger default wave yet to come.
WASHINGTON D.C. — A new report from Student Debt Crisis Center (SDCC) exposes the harsh reality student loan borrowers are up against as they face the end of the Saving on A Valuable Education (SAVE) plan forbearance. Significantly, the report found that 51% of borrowers exiting the SAVE plan will see their monthly payments increase by $500 or more...
As of October 2025, changes to the federal student loan system under the "One Big Beautiful Bill Act" (OBBBA) have yet to take effect. However, right now, millions of American borrowers are already grappling with increasing economic uncertainty.
As of October 2024, the restart of student loan payments has left millions of student loan borrowers grappling with financial uncertainty.
Oct 9, 2024
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