Important Announcement on SAVE Plan and Repayment

Starting on July 1, federal loan servicers will begin issuing notices to
borrowers, instructing them to exit the SAVE Plan and enroll in a different
repayment plan within 90 days. Borrowers who do not transition plans within
the 90 days communicated by their servicer will be automatically enrolled into either the
Standard Repayment Plan or the new Tiered Standard Plan that will be available beginning
July 1. Servicers will notify borrowers of their specific 90-day deadline.

The 90-day period provides borrowers time to explore repayment options that best suit their
needs and plan accordingly. A borrower who wishes to transition before their loan servicer
communicates a specific 90-day deadline may contact their servicer at any time to enroll in a
lawful repayment plan.

For more information, please see the U.S. Department of Education’s press release.

If you have questions about your student loans, please contact us at 516-292-8100 Ext. 3344
or via email at EDCAP@legalservicesli.org.

The Education Debt Consumer Assistance Program (EDCAP) provides legal assistance to people who are
experiencing student debt problems, including unpaid tuition bills, collection actions, and managing federal
and private student loans. Assistance is available to student borrowers, parents, and other family members
regardless of income. Legal Services of Long Island is a partner in the EDCAP network, a program of the
Community Service Society of New York.

Services may include student loan counseling, litigation defense and representation, and phone advice.
Suffolk and Nassau residents, please call 516-292-8100 to be screened for services. Feel free to download
and share our English and Spanish Flyer.