U.S. Education Department Sends 'Final Notices' to Student Loan Borrowers as SAVE Program Ends

The U.S. Education Department is issuing "final notices" to millions of student loan borrowers, warning them to choose a new repayment plan within 30 days following the termination of the popular SAVE (Saving on a Valuable Education) program due to court challenges. Borrowers who fail to select an alternative plan risk automatic enrollment in potentially more expensive fixed payment schedules.