News

Interest on SAVE loans resumed Aug. 1. If you're one of the 7.7 million Americans who need to change plans, here are three ...
Millions of borrowers began accruing interest again on their federal student loans this month. Here's what that could cost.
Andrea Murzello has a doctorate in pharmacy and a stable job at a nonprofit. But she says she can’t afford to grow her family ...
The SAVE plan has been in legal limbo for months since the program was struck down by a federal appeals court.
The SAVE plan is a relatively new income-driven repayment plan to help graduates manage their student loans. For most borrowers, it offers the most generous terms of any income-driven repayment plan.
The SAVE plan aims to address that by cutting additional interest charges after you've met your monthly payment. That means if your monthly payment is $0, you won't be charged additional interest.
The new SAVE plan replaces the old Revised Pay As You Earn or the REPAYE Plan, an income-driven repayment plan. Borrowers on the REPAYE Plan automatically will be put on the SAVE Plan; they won't ...
What makes the SAVE plan different from other IBR plans? SAVE is a type of IBR, but it’s a different spin on the program. There are several significant changes between the basic IBR and the SAVE ...
The Saving on a Valuable Education Plan is the newest form of income-driven repayment. It took effect in August 2023 and replaced the former Revised Pay As You Earn (REPAYE) plan.