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SAVE Plan Ending Soon | Birmingham News
Student loan borrowers on the SAVE plan, numbering over 7.5 million, are getting urgent notice: the plan is being phased out. Within 90 days of receiving your official notice — which servicers are starting to send now — you must choose a new repayment path. This move follows a 2025 law and a recent legal settlement. Your options include the new Repayment Assistance Plan (adjusts payments by 1–10% based on income), the Income-Based Repayment plan (forgiveness after 20–25 years), or the Tiered Standard Plan (fixed payments over 10–25 years). If you miss the deadline, you’ll be automatically…
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