SAVE Lawsuits: Current Status, Next Steps, and Tips for Borrowers Navigating the Chaos
Uncover the details of the SAVE litigation, from court rulings to potential scenarios, and get essential advice for managing your student loans.
Uncover the details of the SAVE litigation, from court rulings to potential scenarios, and get essential advice for managing your student loans.
Ongoing legal challenges and SAVE regulations are complicating the future of IDR plans, leaving borrowers uncertain about the best way to manage their student loans.
Some advanced student loan repayment strategies allow borrowers to eliminate student debt and contribute to retirement accounts like a 401(k) or IRA.
For high-earners, monthly payments on SAVE might eventually grow larger than PAYE and IBR. Does this make SAVE a risk?
The newly announced SAVE plan will eliminate or change most of the income-driven repayment plans currently available.
Getting married doesn’t mean payments will double for couples who both have student loans, but payments may still go up.
For graduate borrowers, SAVE isn’t always the best student loan repayment plan. Some people might be better off with quicker forgiveness on PAYE or IBR.
There are many different federal repayment plans and each option comes with unique advantages and disadvantages.
The new SAVE plan offers considerable savings for IBR, PAYE, and REPAYE borrowers, but care is necessary when enrolling.