SAVE Plan Is Over: What Student Loan Borrowers Do Now

Wed, 07 Oct 2026 00:00:00 +0000

If you’ve been on the SAVE repayment plan and haven’t actively chosen a new one, there’s a good chance your loan servicer already moved you onto something else and it’s worth checking right now, because the window to pick for yourself has just closed.

Here’s exactly what’s happened, what your options actually are, and what to do if you think you got defaulted into a plan you didn’t want.

What Happened to the SAVE Plan
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The SAVE (Saving on a Valuable Education) plan the income driven repayment option introduced a couple of years ago is being phased out following legal challenges and legislative changes. The Department of Education gave enrolled borrowers a 90 day window starting July 1, 2026 to select a new repayment plan. That window closed around the end of September, which means if you were on SAVE and didn’t actively switch, you’re likely already past the deadline.

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SAVE Plan Is Over: What Student Loan Borrowers Do Now

What Happened to the SAVE Plan #

What Happened to the SAVE Plan
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