Save Plan Updates: What Borrowers Need to Know Right Now | Part 1

The SAVE Plan is ending and the 7 million borrowers enrolled will need to find new student loan repayment options before servicers’ deadlines. SoFi journalist Starla Sampaco breaks down a framework for helping SAVE Plan borrowers narrow down their student loan refinancing options. In this video, you’ll learn: - How SAVE Plan borrowers can choose a new repayment plan - How to use SoFi’s three-part framework (Forgiveness, Finances, and Flexibility) to narrow down student loan refinancing options - How to estimate monthly payments under a federal student loan repayment plan - How to get a student loan refinancing quote in under 2 minutes The goal is to simplify the process for choosing the student loan repayment option that is right for you, whether it’s a federal repayment plan or a private student loan. This video is intended for: - Borrowers who were enrolled in the SAVE Plan - SAVE Plan borrowers who do not have a path to Public Service Loan Forgiveness - Parents and families helping pay for college or grad school - Financial aid officers seeking clear, shareable explanations This content is for educational purposes only and does not represent financial or legal advice. Explore student loan refinancing options at SoFi: https://www.sofi.com/refinance-student-loan/ Learn more: https://www.sofi.com/student-wealth-guide/ Resources featured in this video: Federal Student Aid Repayment Calculator https://studentaid.gov/repayment-calculator/ Student Loan Refi Calculator https://www.sofi.com/refinance-student-loan Public Service Loan Forgiveness (PSLF) https://studentaid.gov/manage-loans/forgiveness-cancellation/public-service Additional Resources: SAVE Repayment Plan Updates and Changes: What Borrowers Need to Know https://www.sofi.com/learn/content/save-plan-updates/ Student Loan Forgiveness: Programs for Relief and Forgiveness https://www.sofi.com/student-loan-forgiveness-guide/ About SoFi®: A finance company that could help you get ahead. Get Your Money Right® with SoFi. Connect with SoFi: Subscribe to SoFi on YouTube: https://www.youtube.com/sofi Subscribe to SoFi’s On the Money newsletter: https://www.sofi.com/on-the-money/ Follow SoFi on Instagram: https://www.instagram.com/sofi/ Follow SoFi on TikTok: https://www.tiktok.com/@sofi Follow SoFi on LinkedIn: https://www.linkedin.com/company/sofi/posts/?feedView=all Like SoFi on Facebook: https://www.facebook.com/SoFi/ Follow SoFi on Twitter: https://x.com/SoFi