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SAVE Plan Changes Start July 1 | San Antonio News
Student loans are about to change big time—starting July 1, the U.S. Department of Education is ditching the SAVE plan and replacing it with a new Repayment Assistance Plan (RAP) that bases payments on income and dependents. Borrowers on SAVE get 90 days to switch or face automatic enrollment. This move, tied to a March court settlement, aims to simplify repayment and stop loan balances from ballooning with unpaid interest. New borrowers can choose RAP or a Tiered Standard Plan with fixed terms of 10–25 years. It’s a major overhaul—make sure you understand how it affects you. Listen in…
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