Borrowers in a certain forbearance plan are being notified to switch to a new repayment option. These notices are sent by loan servicers and give borrowers 90 days to make a change. A financial expert notes that borrowers must take action during this time.

If no action is taken, borrowers will be automatically enrolled in a standard repayment plan. This plan may not be the best choice for all borrowers.

Further details about the notices and repayment options are available from the source, including what happens if payments are not made correctly.