Today’s Lead Story
Sunday, July 12Debt
7 Million Student Loan Borrowers Get 90-Day Notices to Leave the SAVE Plan
via CNBC
Federal student loan servicers began sending official 90-day notices to roughly 7 million borrowers still enrolled in the SAVE plan, requiring them to choose a new repayment option. Those who don't select an alternative will be automatically placed in the Standard or new Tiered Standard plan by their deadline, which starts as early as late September.
Why it matters
If you're enrolled in SAVE, watch your mail for the notice and act before your 90-day window closes — automatic reassignment could mean a higher monthly payment.
