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Leaving The SAVE Plan: Options For Borrowers
For months, federal student loan borrowers enrolled in the SAVE plan have faced a decision: should I leave SAVE now, or should I wait out the forbearance longer?
The Department of Education, of course, has been very forceful in their messaging encouraging borrowers in SAVE to change repayment plans now. On the other hand, the One Big Beautiful Bill Act (OBBBA) gave a more measured timeline - possibly until 2028 to make the switch. Furthermore, the OBBBA implemented a new repayment plan called the Repayment Assistance Plan (RAP), but that doesn't go live until 2026.
Nelnet, one of the major…
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