Leaving the SAVE plan? Avoid these 3 mistakes borrowers often make

KEY TAKEAWAYS Millions of borrowers must leave the Saving on a Valuable Education repayment plan and choose another program ...

RAP Vs. Standard Repayment: What SAVE Plan Borrowers Need To Know Before The Deadline

On July 1, SAVE Plan borrowers will start receiving notices that the plan is being eliminated, which initiates a 90-day ...

Education Department directs student loan borrowers in SAVE plan to prepare for repayment

More than 7 million student loan borrowers who've been enrolled in a Biden-era repayment plan will receive notices with instructions to seek a new plan to repay their debt ...

Student loan borrowers on the SAVE plan: Avoid surprises on your bill by taking these steps

Starting July 1, SAVE plan borrowers will be contacted by their loan servicers to choose a new repayment plan.
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What Is the Saving on a Valuable Education Plan (SAVE)?

The Saving on a Valuable Education (SAVE) Plan is an income-driven student debt repayment plan introduced by the Biden administration. It replaced a similar plan called REPAYE. The SAVE Plan offers ...