Standard Repayment Plan
Coverage of Standard Repayment Plan in the Nexus archive.
- Trump's student-loan overhaul takes effect July 1 — but it's not the deadline for borrowers to act on repayment changes
President Donald Trump's student-loan repayment overhaul takes effect July 1, with 7 million SAVE borrowers given 90 days to switch to a new plan. The changes include new repayment plans and borrowing caps, though ongoing litigation could block some adjustments, such as a narrower definition of professional degrees.
- 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.
- July 1 brings big student loan changes. Here's what you need to know
Starting July 1, new student loan changes from the One Big Beautiful Bill Act take effect, including the end of the Biden-era SAVE repayment plan and the introduction of two Republican-designed repayment plans. The changes also impose stricter borrowing limits for some students and may increase default risks as borrowers transition to less flexible plans.