Biden's SAVE plan for student loans is officially dead. Here's what experts suggest now

PBS NewsHour
by Hannah Grabenstein
March 12, 2026
2 views
1 min read

Quick Insights

The Bottom Line

The SAVE plan for student loans is ending, requiring borrowers to choose a new repayment option.

How This Affects You

If you are on the SAVE student loan plan, you will need to select a new repayment option soon, or one will be chosen for you.

AI Summary

The Biden administration's SAVE student loan repayment plan has been terminated, forcing current enrollees to select a new repayment option. Borrowers who fail to choose a new plan will automatically have one assigned to them by their loan servicer.

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