Consumer advocates are worried about the fate of the U.S. Department of Education's SAVE repayment plan in a second Trump administration.

With much of President Joe Biden’s student loan agenda tied up in court, the incoming Trump administration could have a significant impact on millions of borrowers.

Congress is deliberating a sweeping bill that could fundamentally alter the landscape of student loan repayments. While the proposed College Cost Reduction Act promises to slash federal spending by up to $280 billion over the next decade, critics argue it could saddle borrowers with higher monthly payments and restrict access to higher education.

“Unfortunately, autopay errors were one of the most widespread, basic and consequential servicer errors we saw this year,” CFPB Student Loan Ombudsman Julia Barnard told CNBC. “These errors are incredibly costly and completely unacceptable.”

Student loan payments cost between $200 and $299 on average, but that figure can vary significantly. Here's how to estimate your future student loan payments.

Private student loans, on the other hand, are best fit for borrowers who need more than what federal student loans offer or for those who don’t qualify for federal loans due to