SAVE: A New Payment Plan That Will Reduce Monthly Payments
NCLC Student Loan Borrower Assistance
JULY 26, 2023
One of those actions was rolling out a new, more affordable student loan payment plan, called SAVE. The SAVE plan is the newest Income- Driven Repayment (IDR) plan , and it will replace the current REPAYE plan. They are intended to be a more affordable option for borrowers who can’t afford payments on a standard 10-year payment plan.
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