Student-Loan Borrowers Begin Receiving Notices to Switch Repayment Plans

Student-loan borrowers are getting their first batch of notices to switch repayment plans

Student-loan borrowers enrolled in the SAVE plan are receiving notices to switch to a new repayment plan. Kevin Carter/Getty Images Student-loan borrowers on SAVE started receiving notices to switch plans on July 1. Once a borrower receives the notice, they'll have 90 days to switch to a new repayment plan. An education official said servicers will notify up to 250,000 borrowers each week. The SAVE exodus has officially begun. The first batch of notices to student-loan borrowers enrolled in...