The Trump administration's overhaul of the federal student loan system may leave borrowers without an affordable option to repay their loans, advocates say.

It may make sense to switch to another income-driven repayment plan, but you do not have to make the move by Aug. 1. Here's what to know.

Education Secretary Linda McMahon, in a statement, urged "all borrowers in the SAVE Plan to quickly transition" to a different loan program.