Education Department Orders 7.5 Million Borrowers to Pick New Loan Plans as SAVE Program Ends

Termination of the SAVE Student Loan Plan·March 27 – March 28, 2026

27 days ago

Education Department Orders 7.5 Million Borrowers to Pick New Loan Plans as SAVE Program Ends

The Department of Education is notifying 7.5 million student loan borrowers that they must select new repayment plans following a court ruling against the SAVE program. Borrowers have 90 days to choose a different option before payments restart this fall. This change follows a federal court decision that found the SAVE plan to be illegal. The department is directing individuals to prepare for the end of forbearance and transition to existing repayment structures. Some observers have criticized the move, claiming that ending the plan will increase financial pressure on families during an affordability crisis.

Social post on student loan affordability crisisThe Boston Globe: Education Department directs student loan borrowers in SAVE plan to prepare for repaymentBusiness Insider: Millions of student-loan borrowers required to restart payments this fallCBS News: Education Department tells 7.5 million student loan borrowers to prepare for repayment

Key Statements

BBusiness Insider

“Department of Education notifies 7 million SAVE plan borrowers they must select a new repayment plan and resume payments within 90 days starting July 1.”

This article confirms the total number of borrowers impacted and the specific 90-day deadline.

News

Education Department tells 7.5 million student loan borrowers in "illegal" SAVE plan to prepare for repayment

CBS NewsCenter Left

Education Department tells 7.5 million student loan borrowers in "illegal" SAVE plan to prepare for repayment

CBS NewsCenter Left

Millions of student-loan borrowers kicked off Biden's affordable plan are required to restart payments this fall

Business InsiderCenter

Education Department directs student loan borrowers in SAVE plan to prepare for repayment - The Boston Globe

The Boston GlobeCenter Left

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