A quarter million student borrowers in Illinois need a new repayment plan. What to know as SAVE plan ends

Source WBEZ
Original Load Date June 17, 2026, 1:01 p.m.
Last Updated June 17, 2026, 1:01 p.m.
Original URL https://www.wbez.org/education/2026/06/17/many-student-loan-borrowers-in-illinois-need-a-new-repayment-plan-what-to-know-as-save-plan-ends

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More than a quarter of a million student loan borrowers in Illinois recently received an urgent email from federal education officials telling them they must choose a new repayment plan, and soon, as the most affordable option disappears July 1. The Saving on a Valuable Education, or SAVE, plan beg...