Student Loan Servicers Begin 90 Day Countdown for Borrowers to Leave SAVE Plan The Saving on a Valuable Education (SAVE) plan's impending demise has sent shockwaves through the student loan community, with over 6.
9 million borrowers facing a complex decision: switch to a new repayment plan or risk being automatically enrolled in a more expensive option.
According to analysis by higher education expert Mark Kantrowitz, the average SAVE borrower carries close to $55,000 in debt.