Federal student loan borrowers who were enrolled in the SAVE repayment plan must choose a new repayment plan within 90 days of receiving a deadline notice by email from their loan servicer.
“Doing nothing is a decision, and usually the worst one,” Dr. Shaan Patel, CEO of SAT/ACT prep company Prep Expert, told The Independent by email. “The single most important move is to act before the deadline so you control which plan you're in instead of having one assigned to you.”
