Lower Payments on SAVE vs Faster Forgiveness on PAYE or IBR
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.
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.
Many borrowers worry that changing income-driven repayment plans will result in starting from scratch on the path to student loan forgiveness.
A new lawsuit has student loan borrowers nervous. Should there be concern over the future of SAVE and the one-time IDR account adjustment?
Federal direct consolidation can have a huge influence on the IBR and PSLF loan forgiveness clocks.
The newly announced SAVE plan will eliminate or change most of the income-driven repayment plans currently available.
A zero-dollar monthly payment may seem like a scam, but it is a legitimate option for some federal student loan borrowers.
Choosing the right federal repayment plan might seem overwhelming, but finding the best option usually isn’t very difficult.
The new SAVE plan is getting phased in, meaning payments in October will be slightly different than payments next July. This calculator estimates both numbers.
In most cases, waiting for the newest IDR repayment plan to be available is a mistake. Delays offer few advantages and come with significant disadvantages.