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Today’s Lead Story
Thursday, June 25

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.

For educational purposes only. Not financial, investment, tax, or legal advice. Always do your own research or speak with a qualified professional.

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