Federal Student Loan Support

We are sharing an informational update regarding federal student loan repayment options for borrowers and students considering federal loans. While The Scholarship Foundation of St. Louis does not recommend federal student loan borrowing, we recognize that some students do utilize federal loans.

On December 9, 2025, the U.S. Department of Education announced a proposed settlement regarding the Saving on a Valuable Education (SAVE) repayment plan, which, if approved by a federal court, would end the plan nationwide. Until this settlement has been approved, no changes are in effect. Borrowers currently enrolled in SAVE remain in their existing repayment status and payment amount. If approved, new enrollment in SAVE would end, and current SAVE borrowers would transition to another federally authorized repayment plan after receiving direct communication from the Department of Education. These federal changes do not affect loans issued by The Scholarship Foundation of St. Louis, which are interest-free private educational loans and not connected to federal repayment plans.

Find out more about this proposed settlment affecting the SAVE plan by clicking here.

We are proud to recommend The Institute of Student Loan Advisors (TISLA), a nonprofit organization offering free, expert student loan advice. TISLA provides confidential support via email to help you understand your options for repayment, deferment, forgiveness, or navigating collections.

Email TISLA directly at tisla@freestudentloanadvice.org with your questions. You can include details about your loans, current status, and any specific challenges you face.

TISLA’s experts will respond with personalized advice — at no cost to you — and you can reach out as often as needed.

Whether you have questions today or face new challenges later, TISLA is available to help.

TISLA Can Help You:

  • understand your federal and private loan options;
  • explore deferment, forgiveness, and repayment programs;
  • get advice about managing federal collections; and
  • receive free, confidential support when you need it.

Visit TISLA's website for more information: https://freestudentloanadvice.org/