The Department of Education plans on denying 460,000 student loan borrowers from accessing the SAVE repayment plan.

Nearly half a million federal student loan borrowers will be denied the ability to make lower repayments on their student loads as the Trump administration seeks to overhaul the repayment system.

The Income-Based Repayment plan provides borrowers with a feasible option to repay their student loans, and here’s what you need to know.