Three Myths About Leaving the SAVE Plan — and What Borrowers Should Know

Three Myths About Leaving the SAVE Plan — and What Borrowers Should Know

Author: The College Investor January 28, 2026 Duration: 6:24

As federal student loan borrowers weigh their repayment options in 2026, confusion around the SAVE income-driven repayment plan has grown. Data from the loan servicers is showing backlogs, but the reality is much different for borrowers at this moment. The repayment plan processing backlog is generally overblown and outdated because of applications from last year.

Persistent myths that do not reflect how the system is actually working right now, and what borrowers should be doing. The result is that several widely shared assumptions about leaving the SAVE plan are simply wrong - and it could be costing you money!

Here are three of the most common myths and what borrowers should understand before making a decision.


Hosted by Robert Farrington, founder of The College Investor and a recognized Millennial Money Expert, The College Investor Audio Show transforms the website's most valuable insights into a daily, conversational format. This podcast directly tackles the financial hurdles unique to a generation, moving beyond theory into practical, actionable strategies. Each episode focuses on the core pillars of modern financial health: systematically eliminating student loan debt, demystifying the fundamentals of investing, and creating actionable paths to increase your income. The goal is clear: to guide you from a place of debt management to one of confident wealth building. You'll hear straightforward advice on navigating repayment plans, understanding where and how to start investing even with limited capital, and exploring side hustles or career moves that make a real difference. It’s a resource for anyone feeling stalled by their loans and eager to lay a solid foundation for their future. Tune in for a no-nonsense take on millennial money, where complex topics are broken down into manageable steps you can apply immediately.
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