Anyone else see this federal bill that would get rid of student loan interest on federal loans if passed? Am I dreaming to hope maybe it has a chance?? With all the talk in the past about student loan forgiveness I’ve always wondered why the solution couldn’t be to just eliminate or severely restrict the interest?
I was thinking of waiting until the last possible minute to switch off SAVE but apparently to qualify for the auto-pay interest rate reduction I have to be enrolled by 9/30. Is this enough incentive to go ahead and apply for a new repayment plan? I owe about $70,000, advice needed!
ETA- I guess the only reason I have thought about holding off until the very last minute is the unrealistic hope and dream that some lawsuit would delay the end of SAVE again but I know it’s unlikely.
I have not received any written correspondence about having to switch from SAVE yet. When I logged on to Nelnet today it shows an “urgent” message on my dashboard that says I have until 10/14/26 to switch to a new plan. There are no messages in my inbox either. Is this considered my formal notification?? Don’t they have to send something in writing? If I hadn’t logged on I would know nothing!