Business InsiderAyelet Sheffey
Student-loan borrowers get notices saying they have 30 more days to pick a new repayment plan
The confusion grows for student-loan borrowers transitioning off a key repayment plan.
The deadline for the first wave of borrowers to leave SAVE, a Biden-era income-driven repayment plan, was September 29. However, some borrowers who didn't pick a new plan within their 90-day window might have more time.
A Department of Education spokesperson confirmed to Business Insider that borrowers who received their initial notice to leave SAVE "on or around July 1" have received a final 30-day notice to pick a new plan and leave on their own terms, and did not specify how many borrowers received the notice.
"This is your FINAL NOTICE," the email, reviewed by Business Insider, said.
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