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The U.S. Department of Education (U.S. ED) ran the Saving on a Valuable Education (SAVE) Plan, an income-driven repayment (IDR) plan.

Starting July 1, 2026, The SAVE Plan is no longer available. Borrowers currently enrolled in the SAVE Plan will begin to receive notifications from their student loan servicer. They will be given 90 days to switch to a different repayment plan.

Borrowers who do not enroll into a different repayment plan will be automatically placed into the Standard Plan or the new Tiered Standard Repayment Plan, which generally have higher payments than IDR plans.

The Supreme Court blocked the Biden-Harris Administration’s One-Time Student Loan Debt Relief Plan. This plan would have canceled up to $20,000 in student debt on federal student loans for low- and middle-income borrowers.

Your student loans are not eligible for student loan cancellation under this program. This is true even if you got confirmation or acceptance of submitted application.

The Public Service Loan Forgiveness (PSLF) program forgives the remaining balance on your Direct Loan.

To qualify, you must:

• Work for a qualifying employer, such as a U.S. federal, state, local, or tribal government or non-profit
• Work full-time
• Make 120 qualifying monthly payments under a qualifying repayment plan while working for a qualifying employer

Federal Parent PLUS loans are borrowed to finance a dependent's education.