Robert Farrington
Coverage of Robert Farrington in the Nexus archive.
- 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.
- SAVE student loan plan ending: What borrowers need to know
Starting July 1, the SAVE student loan repayment plan will end, giving borrowers 90 days to choose a new plan. Borrowers who do not select a new plan will be moved to the standard repayment plan, with payments due by October 2026. Options include the standard plan, income-based repayment (10-15% of discretionary income), or the new Repayment Assistance Plan (RAP) starting at $10/month.
- SAVE student loan plan ending: What borrowers need to know
The SAVE student loan repayment plan will end on July 1, giving 7.5 million borrowers 90 days to choose a new plan. Borrowers who do not select an alternative will default to the standard repayment plan, with payments due by October 2026. Options include the standard plan, income-based repayment (IBR), or the new Repayment Assistance Plan (RAP) starting in July.