SAVE Repayment Plan
There’s a new income-driven repayment option, SAVE, available for federal student loans. The SAVE plan increases the amount of protected discretionary income, forgives any interest that accrues each month that is not covered by the calculated monthly payment amount, and, starting in July 2024, will decrease the percentage of the discretionary income in the calculation. Learn more about the SAVE plan in our blog post.
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