Student Loan Repayment Plan

Biden Administration Launches Student Loan Repayment Plan ‘SAVE’ to Lower Bills and Forgive Debt

by
Biden Administration Launches Student Loan Repayment Plan 'SAVE'

The new federal student loan repayment plan, named SAVE (Saving on a Valuable Education), has the potential to significantly reduce monthly bills and overall loan repayment amounts. The Biden administration has introduced a groundbreaking initiative aimed at easing the burden of student loan repayment plans for millions of borrowers This summer, eligible borrowers are encouraged … Read more

New SAVE Student Loan Repayment Plan Launched By The Biden Administration. Here’s How To Enroll In SAVE

by

The Biden administration launched a beta application for its new student loan repayment plan, providing borrowers an early opportunity to join the program. The SAVE plan is an income-driven repayment program or IDR, that ties a borrower’s monthly payment to their income, lessening their financial load. However, IDRs have had several significant drawbacks, such as enabling interest … Read more

Student Loan Repayment Plan Now Open for Enrollment Ahead of Payment Resumption

by
Student Loan Repayment Plan Now Open for Enrollment

This initiative comes as a replacement after the U.S. Supreme Court rejected Biden’s earlier proposal for student loan forgiveness in June. The Biden Administration has introduced a new income-driven student loan repayment plan known as the SAVE Plan According to CNN’s report via ABC 11, the student loan repayment plan has the potential to significantly … Read more

U.S. Department of Education Launches Beta Website for Student Loan Repayment Plan Under Biden’s SAVE Initiative

by
U.S. Department of Education Launches Beta Website

Replacing the Revised Pay As You Earn Plan, the new initiative expands the income exemption to 225% of the poverty line, up from 150%. The U.S. Department of Education will unveil a beta website on Sunday to facilitate applications for the “student loan repayment plan” introduced under President Biden’s SAVE Plan It eradicates 100% of … Read more