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On April 1st, the U.S. Department of Education issued a major update to borrowers currently enrolled in the SAVE repayment plan.  The message was direct: “The SAVE Plan is ending. Borrowers must take action.”   While the announcement may seem straightforward, the details behind this transition are critical.   Here’s what borrowers need to understand and how to respond.  The 90-Day Window: What It Is and How It Works  One of the most important parts of the Department’s announc

Not all borrowers are impacted by today’s student loan changes in the same way, but for two groups, the timeline ahead is especially critical.  If you are:  Transitioning out of the SAVE repayment plan, or   Managing Parent PLUS loans and exploring income-driven repayment options   The coming months represent a limited window to take action, and the decisions made during this time could significantly impact your long-term repayment strategy.  Group 1: SAVE Borrowers - Underst

Q: What happens if I don’t change my repayment plan within the 90-day window?    A: If you do not select a new repayment plan within your 90-day window, the Department of Education will step in and automatically place you into a repayment plan. While this ensures you remain in repayment status, it’s important to understand that this placement is administrative, not strategic.  The assigned plan will be based on your loan type and general eligibility, but it may not reflect y