The Guardian16 jun 2026Markt
Automatisch samengesteld met AI uit de vermelde bronnen
The Save plan, which covers more than 7 million borrowers, will be dismantled on 1 July 2026 following a March federal appeals court ruling, triggering a 90-day window for those borrowers to select an alternative plan or be automatically enrolled in a standard fixed-payment plan that is typically ineligible for loan forgiveness. Borrowers with loans issued before that date will retain access to the IBR, Paye, and ICR plans, though the latter two are scheduled for dismantlement by summer 2028. The changes stem from the Trump administration’s One Big Beautiful Bill Act and the court order, and result in stricter payment timelines and reduced forgiveness options compared to prior plans.