Six million still waiting

Roughly 1.5 million former SAVE borrowers have picked a new repayment plan. About 6 million others still need to switch as the first deadline arrives September 29.

Payments are coming back

The change is not just the end of SAVE. Many borrowers are being pushed back into monthly bills under plans that may look very different from what they paid before.

“The biggest alteration is not simply the end of one repayment plan, but the return of actual monthly payments”

SAVE is ending

SAVE lowered payments for many borrowers by using income and family size, with paths to forgiveness and limits on unpaid interest. The Trump administration ended it after court fights.

The clock started July 1

Loan servicers began sending notices on July 1. Each borrower gets 90 days to choose a new plan, with the first group reaching that deadline on September 29.

Doing nothing can cost

Borrowers who miss their deadline can be moved into a Standard or Tiered Standard plan. Those options may bring higher monthly bills and slow progress toward forgiveness.

“Borrowers who do not choose a new plan will be automatically moved into a new repayment plan”

Forgiveness credit matters

Some borrowers have switched early so payments can count toward income-driven repayment forgiveness or Public Service Loan Forgiveness. Others appear to be waiting for official notices.

Errors added confusion

Some borrowers reported wrong bills or notices saying they were delinquent or near default. The Education Department said it resolved the issues, but borrowers still face a messy transition.

“expect continued uncertainty and stress”