SAVE vs PAYE and IBR: Payment Caps, Partial Financial Hardships and More
For high-earners, monthly payments on SAVE might eventually grow larger than PAYE and IBR. Does this make SAVE a risk?
For high-earners, monthly payments on SAVE might eventually grow larger than PAYE and IBR. Does this make SAVE a risk?
Early SAVE forgiveness sounds simple, but there are complications for borrowers with larger balances, FFEL Loans and Parent PLUS Loans.
In a few weeks, a little known deadline will pass and many borrowers will miss out on a great opportunity for quicker student loan forgiveness.
The newly announced SAVE plan will eliminate or change most of the income-driven repayment plans currently available.
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.
A zero-dollar monthly payment may seem like a scam, but it is a legitimate option for some federal student loan borrowers.