Important federal student loan notifications are going out: What to know about SAVE, RISE plans

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People with federal student loans may get a notification from the U.S. Department of Education soon about an important update to their repayment options.

The federal goverment has ended the student loan repayment plan known as “Saving on a Valuable Education,” or SAVE. About 7.5 million borrowers can choose from two new repayment plans, launching July 1.

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