What to Know About Upcoming Changes if You're Enrolled in the SAVE Plan
The Department of Education ruled to do away with the SAVE Plan in early 2026. Those enrolled in this plan will be moved into a new repayment option. Here's what you should know.
Student Loans
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If you’re among the 7.5 million student borrowers enrolled in the Saving on a Valuable Education (SAVE) Plan, the past few months have likely felt like a rollercoaster. Ongoing legal challenges and court decisions have created uncertainty, leaving many borrowers unsure of what comes next. Now, clearer guidance is finally emerging.
On March 27th, 2026, the Department of Education announced the next steps for borrowers: the SAVE Plan is officially no more. Beginning July 1, 2026, federal student loan servicers will be sending out notifications that borrowers will be given at least 90 days to enter a new repayment plan.
If a borrower has not switched plans by the deadline, the servicer will determine the repayment plan of their choice. Don’t worry—if the plan they choose doesn’t work for you, it’s all about communication with them. Reach out to your servicer and see if there is a different repayment plan that better fits your financial situation.
Our Youth & College Support Team understands how confusing this transition can be and is here to help. We're available to walk you through your options and answer any questions you may have about federal repayment plans as well as other college funding options. To schedule a time to talk, email us at college@trfcu.org.