Personal Finance
SAVE Plan Deadline Is Today: Millions of Student Loan Borrowers Must Act Now
via NASFAA
Millions of SAVE plan borrowers hit their 90-day deadline today to pick a new federal repayment plan. Those who don't choose will be automatically moved to Standard repayment, potentially raising monthly payments from $0 to several hundred dollars.
Why it matters
Borrowers auto-switched to Standard repayment could see their monthly payment jump from $0 to $300 or more — logging into studentaid.gov today to select a plan can prevent that sudden change.


