Student Loan Borrowers Must Select New Repayment Plan by Today's Deadline

AI-generated NewsSnap summary based on source reporting.
Published: 2026-09-29
Category: education
Source: Forbes
Original source

Federal student loan borrowers previously on the SAVE plan face a critical September 29 deadline to choose a new repayment option. Failure to select an alternative could lead to automatic enrollment in a more expensive Standard plan, potentially increasing payments and forfeiting loan forgiveness benefits. This impacts thousands of individuals managing their student debt.

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