Millions of Student Loan Borrowers Transition from Eliminated SAVE Program

Approximately 1.5 million of 7.5 million student loan borrowers previously on the SAVE plan have transitioned to new repayment options. This shift follows the Trump administration's elimination of the SAVE program earlier this year. With a September 29 deadline approaching, the remaining 6 million borrowers must select a new plan to avoid being automatically placed into a standard plan with potentially higher monthly payments, impacting their financial obligations.