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Today’s Lead Story
Thursday, July 23

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.

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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