SAVE Plan Shutdown: New Repayment Options for Federal Student Loans
Indianapolis News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Millions of American student loan borrowers face significant changes as the SAVE income-driven repayment plan, designed to make payments more affordable, is shutting down due to a court settlement. Borrowers in this program must now switch to other options, such as the standard ten-year plan or three other income-driven repayment types. Experts advise borrowers to check their accounts and choose a new path to avoid unexpected higher bills. Stay informed and update your contact information on StudentAid.gov to stay ahead of upcoming changes in July 2026.
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