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?
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.
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.
Between temporary programs and alternative calculations, it isn’t easy to identify all of the repayment plans eligible for PSLF.