Our records show that you are enrolled in the Valued Education Savings (SAVE) scheme. As a reminder, a court order ended the SAVE scheme. You must select a new repayment plan, or your student loan servicer will move you to a different repayment plan.
In the coming months, your loan servicer will contact you about your specific deadline to choose a different repayment plan. Once you hear from your loan servicer, you will have 90 days to choose another repayment plan. This gives you time to choose the plan that works best for you.
Our latest repayment plans – Repayment Assistance Plan (RAP) and Tiered Standard Plan – will be available from July 1, 2026. studentaid.gov/bigupdates To learn more about these new repayment plans and other changes to federal student aid programs.
If you don’t want to wait until July 1, 2026, you can choose a different repayment plan that suits your needs and goals. Since our first email about the SAVE scheme ending, hundreds of thousands of borrowers have applied for a different scheme.
If you are not enrolled in the SAVE Plan, have not submitted an application for the SAVE Plan, have already applied for a new repayment plan, or no longer have any remaining balance on your federal student loans, you do not need to take any action.
