Student loan borrowers could see their monthly payments spike under President Trump’s “big, beautiful” bill — which would cut down a handful of repayment options to just two. Changes under the GOP spending bill will hit borrowers taking out loans next summer and any point after – as well as the 8 million Americans stuck in limbo on the Biden-era SAVE plan,

President Donald Trump's proposed budget bill includes a new student loan repayment plan that could significantly increase payments for some borrowers. The Student Borrower Protection Center estimates average annual payment increases of nearly $3,000 for some borrowers under the new plan.