Federal SAVE Plan Ends: Millions Face Increased Student Loan Payments

The federal government’s Saving on a Valuable Education (SAVE) repayment plan has concluded, impacting millions of federal student loan borrowers. These individuals now face a September 29 deadline to choose a new repayment option, or they will be automatically enrolled in a standard repayment plan, a shift anticipated to result in higher monthly payments and increased financial pressure for many.