Biden’s SAVE plan for student loans is officially dead. Here’s what experts suggest now

In other words, if you’ve been on the SAVE plan, you’ll soon have to pick a new repayment option or eventually have an option chosen for you.
During that period of legal uncertainty, loans under the SAVE plan were put in forbearance, meaning borrowers don’t have monthly payments, but they have been accruing interest since last August.
There are still many questions about what happens next for borrowers enrolled in SAVE, experts say, including the timeline for any plan transitions.