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SAVE Plan Change Deadline July 1
Federal student loan borrowers on the SAVE plan face a major deadline: July 1st, when you must choose a new repayment plan—don’t wait. Three options are available, but the default could be a harsh 10-year standard plan, drastically increasing your monthly payments. Missing the deadline risks losing your current benefits, resetting forgiveness timelines, and hurting your credit. Auto-pay borrowers get a 1% rate cut until June 2028, and those with older FFEL loans should consider consolidation. The IDR tracker is coming back soon—check your status at studentaid.gov. These moves could seriously…
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