Important Announcement

A federal court issued an injunction preventing the U.S. Department of Education from implementing the Saving on a Valuable Education (SAVE) Plan and parts of other income-driven repayment (IDR) plans.

Important Updates

Saving on a Valuable Education (SAVE) Plan Recertification Dates Extended

If you're enrolled in the SAVE Plan, there's good news. MOHELA, following guidance from the U.S. Department of Education, has extended your deadline to recertify your income-driven repayment (IDR) plan. No action is needed. Watch for communication on your new recertification date.

For the latest information on the SAVE Plan, visit StudentAid.gov/save.

Income-Driven Repayment (IDR) processing

A federal court issued an injunction changed how ED can implement certain parts of IDR plans. Because of these changes, the U.S. Department of Education has instructed federal student loan servicers to deny IDR applications where "lowest monthly payment" was selected, more than one IDR plan was selected, or an IDR plan was not selected. Visit Studentaid.gov/loan-simulator to review your options and apply for an eligible repayment plan.

Saving On A Valuable Education (SAVE) Plan Administrative Forbearance

In July 2024, a federal court injunction blocked parts of the SAVE Plan. As a result, eligible federal student loans were placed in forbearance with a 0% interest rate. During this forbearance interest had not accrued; therefore, loan balances (including principal and interest) have not increased during this forbearance. You will not have to make payments until the SAVE forbearance ends. In February 2025, a second federal court injunction ended the SAVE 0% interest rate. To comply with this injunction, loan(s) in the SAVE Administrative Forbearance began accruing interest on August 1, 2025.

You can view your interest rate, outstanding interest amount, or make payment toward interest via your online account. For more information, view our FAQs!

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Repayment

We have options to help you where you are.

MOHELA offers you a variety of options to manage the repayment of your loans including repayment plans and ways to lower or postpone your payments. We understand that some borrowers want to pay off their loan as quickly as possible, and we encourage those borrowers to make extra payments. (It’s easy through your online account!) Those same borrowers could encounter a time when they become unemployed or ill and they need to lower or temporarily postpone their payments.

As your dedicated resource expert we will ensure you have an accurate understanding of your account so you can successfully repay your loans.

Repayment Options

Repayment Options

A variety of repayment plans are available to meet your needs, including plans based on your income and family size.

Income-Driven Repayment Plans

Income-Driven Repayment Plans

Income-driven repayment plans may offer lower payments because they are based on your income and family size. Payments can be as low as $0 per month, depending on your circumstances.

Repayment Options to lower or Postpone Payments

Repayment Options to Lower or Postpone Payments

If you need a lower monthly payment or need to temporarily postpone your payments, learn more about options that might work for you.