Student Loan Updates
There have been recent changes to federal student loans that may impact borrowers πŸŽ“:
πŸ”” The SAVE income-driven repayment plan may be ending. If approved, new enrollments would stop and current SAVE borrowers may need to switch to another repayment plan.
πŸ’³ Borrowers may transition to options like IBR, PAYE, or ICR. The StudentAid.gov Loan Simulator can help compare payments.
πŸ—“οΈ Additional repayment changes are expected in 2026, including new repayment structures for future borrowers.
βœ… What to do now:
βœ”οΈ Check your current repayment plan
βœ”οΈ Monitor messages from your loan servicer
βœ”οΈ Explore alternative repayment options early
More updates will be shared as information becomes available. Feel free to reach out with questions πŸ“©.
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Kirby Wilson
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Student Loan Updates
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