Student Loan Borrowers Scramble to Pick New Repayment Plans

Millions of federal student loan borrowers are racing to pick new repayment options under the governmental rules. That’s according to a report Sunday (Sept. 13) from The Hill, which says borrowers on the now-defunct Biden-era SAVE Plan must choose a new repayment plan within 90 days of being notified, or automatically get transferred to an option that would give them the largest increase in monthly payments.