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DOE Ends SAVE Plan, Missouri Settlement Blocks Enrollments

6/14/2026

Summary

Story summary

U.S. Department of Education ends SAVE plan on July 1, 2026.
December 2025 settlement with Missouri blocks new SAVE enrollments and forces borrowers to switch by October.
Borrowers can choose Standard Repayment (fixed 10-year payments for <=$24,999 income, up to 25 years for >=$100,000) or Repayment Assistance (charges 1%–10% of adjusted gross income (AGI), $10 minimum, $50 per dependent, 30-year forgiveness, and pretax 401(k), IRA, HSA, FSA contributions lower AGI).

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Story summary

U.S. Department of Education ends SAVE plan on July 1, 2026.
December 2025 settlement with Missouri blocks new SAVE enrollments and forces borrowers to switch by October.
Borrowers can choose Standard Repayment (fixed 10-year payments for <=$24,999 income, up to 25 years for >=$100,000) or Repayment Assistance (charges 1%–10% of adjusted gross income (AGI), $10 minimum, $50 per dependent, 30-year forgiveness, and pretax 401(k), IRA, HSA, FSA contributions lower AGI).