SAVE Plan Agreement Triggers New Repayment Decisions for 7.7 Million Student Loan Borrowers
Investopedia·2025-12-09 21:01
KEY TAKEAWAYS The Department of Education announced an agreement with the states suing for the elimination of the Saving for a Valuable Education repayment plan.More than 7.7 million borrowers still in forbearance under the SAVE plan will soon need to transition to another repayment plan, and the Income-Based Repayment plan may be the most certain option for them. The Department of Education announced early Tuesday that it has moved one step closer to shutting down the Saving for a Valuable Education rep ...