The SAVE repayment plan is still on hold pending several lawsuits. Servicers are not processing any applications for SAVE and anyone who was previously on SAVE has been placed into a forbearance.
Initially this forbearance did NOT have any interest accruing for borrowers. On August 1, 2025 however, interest began accruing on the SAVE forbearance.
Here are you options going forward:
- You can remain in the SAVE forbearance, with the understanding that your loans will continue to accrue interest, but you will not need to pay on your loans
- You can switch to a new Income-Drive Repayment Plan if you wanted to begin making payments again
- You are still able to enroll into PAYE, IBR, and ICR until July of 2028
The SAVE forbearance does NOT count towards PSLF progress, so if you are close to 120 payments, or do not want to accrue more interest, you should consider witching to a new IDR plan.
Savi can help you apply for a new Income-Driven Repayment plan electronically with an Essential membership.