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Story summary
- U.S. President Donald Trump eliminated the SAVE student-loan repayment plan.
- The elimination took effect July 1 2026, starting a 90-day transition notice period.
- Borrowers must select a new plan by September 29 2026 or be moved to standard repayment.
- Standard repayment imposes the highest monthly payments, raising some borrowers’ bills by hundreds of dollars.
- A lawsuit seeks to block forced transfers of borrowers who miss the voluntary transition deadline.
