New Student Loan Repayment Plans: Act Now
Update: 2026-01-05
Description
Starting July 2026, new federal student loans will offer two repayment options: Repayment Assistance Plan and a new tiered Standard Plan. The Saving for a Valuable Education (SAVE) plan is ending due to a lawsuit settlement, affecting over 7.7 million borrowers. Student loan expert Scott Buchanan advises switching to existing plans like Income-Based Repayment to halt interest and count time toward forgiveness. The Department of Education will launch online calculators in April or May to help borrowers compare plans and make informed decisions. Checkout Solipillow.com
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