The SAVE Plan Has Ended, But You Have Options

Dear Anthony,

Our records show that you are currently enrolled in the Saving on a Valuable Education (SAVE) Plan or have a pending SAVE application. A recent court order ended the SAVE Plan. It is no longer available to borrowers, and the U.S. Department of Education (ED) is ending the SAVE Plan over the coming months. You must take action.

Your student loan servicer will contact you about your specific deadline to choose a different repayment plan. Once you hear from your loan servicer, you will have 90 days to choose another repayment plan. This gives you ample time to select the plan that works best for you.

Our newest repayment plans—the Repayment Assistance Plan (RAP) and Tiered Standard Plan—will be available starting on July 1, 2026. For many borrowers, RAP may be the best option. All borrowers currently enrolled in the SAVE Plan will have the opportunity to enroll in RAP.

Like other income-driven repayment (IDR) plans, RAP will offer an affordable monthly payment based on your income and number of dependents. Many borrowers will also qualify for monthly payment matching, which includes interest subsidies and principal reductions that could reduce your student loan balance. Most importantly, under RAP, and unlike some of the other IDR plans, your balance can never go up as long as you make your required monthly payments.

If you don't want to wait until July 1, you can choose a different repayment plan now. Use our tool to estimate monthly payments, determine your eligibility, and choose the available repayment plan that best meets your needs and goals.

If you do not choose a new repayment plan by the deadline set by your servicer, you will be automatically placed in a different repayment plan. The plan you will be moved to depends on your circumstances. ED and your loan servicer will provide details about which repayment plan you will be moved to if you don't choose a plan by the deadline set by your servicer.

If you are not enrolled in the SAVE Plan, did not submit an application for the SAVE Plan, already applied for a new repayment plan, or no longer have a balance on your federal student loans, you do not need to take any action.

As a reminder, interest is accruing on your loans, and your balance is growing. The best way to prevent your debt from increasing is to make monthly payments through your loan servicer(s). Log in to your loan servicer website(s) to make payments and take control of your federal student loans.

Apply Faster by Sharing Your Federal Tax Information

If you have eligible loans, we encourage you to apply for an income-driven repayment (IDR) plan other than SAVE, which will calculate your monthly payment amount based on your income and family size.

Applying for an IDR plan is quick and easy if you provide consent for us to obtain your federal tax information directly from the IRS. This allows us to process your application faster and eliminates the time-consuming work of manually uploading your income information.

How To Manage Your Student Loans

Beware of Scams

Avoid student aid scams. You might be contacted by a company saying they will help you get loan discharge or cancellation for a fee. Make sure you work only with the office of Federal Student Aid and our loan servicers—we will always help you for free. Our emails come only from noreply@studentaid.gov.

Never reveal your personal information or account password to anyone.