What happens to the SAVE plan and what replaces it?
The SAVE plan was vacated by the 8th Circuit on March 10, 2026, and is being phased out entirely by July 1, 2028. About 7.5 million borrowers must select a new repayment plan within 90 days of receiving a servicer notice — those notices begin July 1, 2026. Two new plans launch the same day: the Repayment Assistance Plan (RAP) and the Tiered Standard Plan.