Yes, Student Loan Payments Could Rise for SAVE Borrowers. Here's How to Calculate Yours

If you're enrolled in the Saving on a Valuable Education repayment plan, expect your student loan payments to increase. Getty Images/CNET If you're one of the eight million student loan borrowers enrolled in the Saving on a Valuable Education (SAVE) plan, you may have seen student loan payments as low as $0. With the SAVE plan officially struck down, you might be worried about how much you'll be required to pay in the future. Although the Department of Education offers several other income-driven repayment plans, which cap your monthly bill at a percentage of your discretionary income, SAVE was the most affordable repayment plan to date. That means you should expect a higher monthly payment in the future. "The payment is likely going to go up for borrowers enrolled in SAVE," said Elaine Rubin, a student loan policy expert for Edvisors and CNET Money expert review board member. The earliest SAVE borrowers are expected to restart payments is December of this year, according to the De ... Read full article.