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,

To prepare for repayment following a deferment, you'll want to choose a repayment plan before payments resume, set up autopay, and contact your servicer if you need help.