SAVE student loan plan ending: What borrowers need to know

Starting July 1, 7.5 million borrowers in the SAVE student loan repayment plan have 90 days to select a new plan before being moved to the standard repayment plan. Borrowers must check with their loan servicers for updates, and options include the standard plan, income-based repayment (10-15% of discretionary income), or the new Repayment Assistance Plan (RAP) launching in July.