- MEDIUM
- Business
- Tier 1
- Hard News
What student loan borrowers should know about recent deadline
- Source
- American Dental Association
- Originally at
- news.google.com(opens in a new tab)
Summary and scoring by The Bell Brief (Dr. Jennifer Bell) using the Drill-Down Protocol. Not the original publisher.
Why it matters for dental
Federal student loan borrowers who missed the SAVE plan switch deadline may face higher monthly payments; dental professionals with federal loans should check their accounts and contact servicers to explore income-driven repayment options.
Key points
- 01
A federal court decision earlier this year terminated the Saving on a Valuable Education Plan.
- 02
The U.S. Department of Education began notifying more than 7 million SAVE plan borrowers about repayment changes starting in July.
- 03
Borrowers had until to switch to a new plan or face automatic rollover to a fixed-payment plan such as Standard or Tiered Standard.
- 04
Experts advise borrowers who missed the deadline to compare payment options and apply for a more suitable plan, and to request forbearance while awaiting approval.
Who should care
- Associate
- Student
Read the original
American Dental Association
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