Debt
SAVE Student Loan Plan Ends July 1 — Borrowers Must Switch Repayment Plans Now
via UPI
Student loan borrowers enrolled in the SAVE repayment plan will begin receiving notices on July 1 requiring them to switch to a different income-driven plan. Anyone who does not enroll in a new plan within 90 days of their notice will be automatically moved to a standard repayment schedule, which typically carries a higher fixed monthly payment.
Why it matters
Choosing an income-driven alternative before your 90-day window closes could keep your monthly payment tied to your income rather than jumping to the higher standard amount.


