Student-Loan Borrowers Face Surging Monthly Payments Under New Repayment Plan, Report Finds

A new report from the Center for American Progress indicates that millions of student-loan borrowers could see their annual payments increase significantly, by an average of $2,163, as they transition from the Biden-era SAVE plan to the Trump administration's new Repayment Assistance Plan (RAP). The changes, which took effect July 1, are part of a broader overhaul of the student-loan repayment system.