SAVE plan extends 90‑day window for borrowers to switch repayment optionsExecutive summary: The Department of Education announced a 90‑day window for SAVE plan borrowers to switch to another repayment plan. This provides borrowers with time to avoid payment increases as the SAVE plan is restructured, affecting millions of outstanding student loans. The U.S. Department of Education, student loan servicers, and borrowers. Borrowers are expected to submit transition requests, and servicers will need to process new payment calculations within the window.The Department of Education announced that borrowers enrolled in the SAVE repayment plan will have up to 90 days to transition to an alternative plan. The move aims to reduce payment shocks as the plan’s terms are adjusted. No immediate policy changes beyond the transition period have been issued. Agencies are monitoring compliance with the deadline.Connected developmentsPrevious SAVE Plan Exit RushBtp Italia S I Oggi in CollocamentoOpen the full case file on Beyond →
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