SAVE Lawsuit Settlement and What It Means
Student Loan Planner · Travis Hornsby
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Show Notes
The SAVE plan is officially dead. Learn what the SAVE lawsuit settlement actually says (not the rumors), who really needs to pay attention right now, and what you should do next. We walk through why millions of people are still stuck in SAVE forbearance, what repayment plans are actually available going forward, and how upcoming rulemaking could reshape income-driven repayment yet again. If you're waiting things out, this is your nudge to get proactive before the Department of Education decides for you.
Key moments:
(01:07) The lawsuit that officially ended the SAVE plan
(05:01) Why borrowers should get off the SAVE plan asap
(09:03) Borrowers are also losing access to PAYE
(13:22) Why I don't think the RAP plan will be around for the next 30 years
(18:25) Act early to avoid being defaulted into the wrong plan
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