SAVE Plan Change Deadline July 1

Federal student loan borrowers on the SAVE plan face a major deadline: July 1st, when you must choose a new repayment plan—don’t wait. Three options are available, but the default could be a harsh 10-year standard plan, drastically increasing your monthly payments. Missing the deadline risks losing your current benefits, resetting forgiveness timelines, and hurting your credit. Auto-pay borrowers get a 1% rate cut until June 2028, and those with older FFEL loans should consider consolidation. The IDR tracker is coming back soon—check your status at studentaid.gov. These moves could seriously impact your financial future, including home buying. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/aeae31cce38609af