Student Loan Borrowers on SAVE Plan Must Take Action to Avoid Higher Payments

7 million student-loan borrowers will soon need to take action — or be put on the most expensive repayment plan

Student-loan borrowers on the SAVE plan will soon receive notices with a deadline to transfer to a new repayment plan. nirat/Getty Images Student-loan borrowers on SAVE will receive notices to find a new plan beginning in July. If they do not take action, they'll automatically be placed in the most expensive plan. Borrowers will be given a 90-day timeframe to make a decision. More expensive student-loan payments are coming. Beginning July 1, the Department of Education will notify student-l...