Why the SAVE Lawsuit Could Drag on for Years and Reach the Supreme Court
A trip to the Supreme Court could mean that the SAVE litigation lasts for several years before getting resolved.
A trip to the Supreme Court could mean that the SAVE litigation lasts for several years before getting resolved.
Extra payments during the SAVE forbearance don’t count toward forgiveness and could ultimately be a costly mistake for borrowers.
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.
In some cases it is smart to make extra student loan payments. Other times, paying more than the minimum is a waste of money.
The new SAVE plan will offer the lowest monthly payment for the vast majority of borrowers.
The terms of the one-time account adjustment deadline are a bit complicated, but consolidation right now is a big opportunity for many federal student loan borrowers.
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.