Debt
7.5 Million Student Loan Borrowers Have 90 Days to Switch Repayment Plans
via CBS News
New rules that took effect July 1 give the 7.5 million borrowers currently enrolled in the SAVE plan until October 2026 to pick a new repayment option before their accounts are affected. Anyone taking out a new federal loan is now limited to just two choices: the Tiered Standard Plan or the new income-based Repayment Assistance Plan.
Why it matters
SAVE plan borrowers who miss the 90-day window could face payment uncertainty, so checking your loan servicer's portal now is the safest move.


