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Today’s Lead Story
Sunday, September 27

Personal Finance

7.5 Million Student Loan Borrowers Must Pick a New Repayment Plan This Week

via U.S. Department of Education

Borrowers enrolled in the SAVE income-driven repayment plan face a September 29 deadline to choose a different option, 90 days after servicers sent required transition notices in July. Those who have not responded will be auto-enrolled into either Standard Repayment or the new Tiered Standard Repayment Plan.

Why it matters

With roughly 7.5 million borrowers affected, anyone still on SAVE should log into studentaid.gov this week to compare payment amounts under available plans before being automatically switched.

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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