Launched in 2023, the Saving on a Valuable Education (SAVE) plan was intended to create an affordable pathway to repaying student loans.
SAVE was ended in 2026, as part of a larger overhaul of the government’s student loan program. Federal student loan servicers began sending exit notices to the roughly 7.5 million borrowers in the SAVE program in July 2026, and will continue rolling them out through early 2027.
Once you get a notice, you have 90 days to switch to another federal plan or refinance with a private student loan.
Two other legacy plans, Pay As You Earn and Income-Contingent Repayment, will sunset by July 1, 2028.
If you’re in one of these programs and do nothing, you’ll be automatically enrolled in the Standard Repayment…