Act Now if You are in the SAVE income driven repayment plan!

On July 1, 2026, student loan borrowers who are enrolled in the SAVE plan or have a SAVE application pending will have 90 days to move to a different repayment plan. If you do not change your payment plan, your loans will be placed in the Standard Repayment Plan, which could mean that you will have a higher monthly payment than you can afford. The One Big Beautiful Bill Act (OBBBA), signed into law on July 4, 2025, has significant changes to student loan repayment options. There are a number of different federal loan repayment plans available to Direct and FFEL loan borrowers, depending on when you took out the loan. Your loan repayment options depend on your loan type, balance, status, and time in repayment. To learn more about your loans, visit studentaid.gov/dashboard