And on Thursday, the Trump administration announced plans to shift that student loan portfolio to the treasury department as it continues its efforts to fully dismantle the education department. Do you know what repayment plan you’re on?” Farrington suggests to borrowers who don’t know where to begin. For borrowers currently on the Save plan, they will need to switch into a different repayment plan. While no definitive timeline has been announced as to when those in the Save plan need to switch, Kantrowitz recommends changing payment plans immediately. The Trump administration is also introducing a new plan, the Repayment Assistance Plan (RAP), which will become available to borrowers in July 2026.

Source: The Guardian March 21, 2026 12:49 UTC