Episode Details

Student loan defaults are surging as the government ends its four-year payment pause, pushing millions into financial crisis. New repayment plans launching July 1 replace more forgiving options like SAVE, forcing borrowers to act fast—or risk being automatically enrolled in less favorable terms. The Treasury, now managing this $1.7 trillion debt mountain, is offering a sweetener: sign up for autopay by the deadline and slash your interest rate by an extra 1% for two years. But with rising costs and tight budgets, many borrowers are already drowning—experts warn defaults could keep climbing as the system strains under pressure.

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