Authored by Adam H. Douglas via The Epoch Times,
If you carry federal student loans, July 1, 2026, redrew your map. With last year's tax law changes taking effect on that date, the Saving on a Valuable Education (SAVE) plan was dismantled, and servicers began notifying millions of borrowers to pick a new repayment plan or have one picked for them.
The end of the SAVE plan could raise your student loan payments unless you act before your 90-day deadline. zimmytws/shutterstockFor borrowers over 50, and especially Parent Loans for Undergraduate Students (Parent PLUS) holders, the wrong move, or no move, can push payments up sharply at exactly the stage of life when income stops growing.
Here is what changed and what to do about it.
Quick Answer: The SAVE Plan Is Ending. What Should You Do?
Starting July 1, servicers began sending SAVE borrowers notices giving them 90 days to choose a different repayment plan. For most older borrowers, the realistic choices are Income-Based Repayment (IBR), which is staying available for loans taken before July 2026, or the new Repayment Assistance Plan (RAP). If you do nothing inside your 90-day window, you will be placed automatically into a standard plan
