The Education Department has started sending mass notices to student loan borrowers in the SAVE plan, giving them 90 days to move to a different repayment plan. If they don’t act within that timeframe, the notice warns, their student loans will be placed in a Standard plan.

“You must now select a new repayment plan" within 90 days, says the notice. “If you’re currently enrolled in the SAVE Plan, you will be placed on either the Standard Repayment Plan or the Tiered Standard Plan, depending on your circumstances.”

The notices are the culmination of the department’s efforts to scuttle the SAVE plan, a Biden-era income-driven repayment program that has been bogged down in litigation for the last two years. After Congress passed legislation last year sunsetting SAVE, and a federal circuit court effectively approved a settlement agreement in March that vacated the SAVE plan regulations, millions of borrowers with student loans in the SAVE plan are now being forced out. But there is still a significant amount of confusion about the timing and the process for the transition. Here’s what borrowers need to know.

Student Loan Borrowers Will Have 90 Days To Pick A Different Repayment Plan Once Notified

The notices, which the Education Department began sending out on July 1, only apply to borrowers who have student loans that in the SAVE plan, those who had applied to the SAVE plan, or those who got caught up in the SAVE plan forbearance due to their repayment plan selection on a now-obsolete version of the income-driven repayment plan application.

“A recent legal settlement ended the Saving on a Valuable Education (SAVE) Plan, and it is no longer available to borrowers,” reads the notice.

The notice explains that borrowers with student loans enrolled in the SAVE plan will be placed onto a Standard plan if they don’t apply for a........

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