Borrowers to Choose New Repayment Plans After SAVE Plan Ends
SAVE Plan, launched by Biden, struck down by 8th Circuit court.
Borrowers get 90 days to choose new plan; failure to switch within 3 months leads to Standard Plan.
Standard Plan may cost up to $300/month more, especially for poorest borrowers.
Most programs end July 1, 2028, per Republican budget law.
Borrowers will get more guidance next week.
3 weeks ago