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Dismantling Of Student Loan Aid Is Crashing Down On Debtors - PopularResistance.Org
“It is so much money,” Jacqueline Wheelock said to me about the monthly payment amount she will soon be forced to pay for her student loans. Until last summer, she wasn’t thinking about this bill. Under the repayment plan known as SAVE (short for Saving on a Valuable Education), she could afford her payments, so she made them, month after month, never missing one or paying late. At the lowest, Wheelock paid $35 each month, and at the highest, she paid $110. But now, in the wake of the Trump administration’s termination of SAVE, like 7 million other Americans, Wheelock must find a new plan — and soon — that works for her.