Borrowers may get 90 days to change plans
Federal student loan borrowers still in the SAVE plan must act before the July 1 deadline to avoid automatic enrollment into less favorable repayment options. They have 90 days to choose new plans that better support forgiveness goals and affordability, with experts urging review of options now. Failure to act could result in higher payments or plans that do not count toward public service or income-driven forgiveness programs.
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