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?
A new lawsuit has the potential to increase monthly student loan bills for millions of borrowers, but the odds of eliminating SAVE seem remote.
The rewards are huge – lower monthly payments and more loan forgiveness, but the double consolidation loophole isn’t right for everyone.
Early SAVE forgiveness sounds simple, but there are complications for borrowers with larger balances, FFEL Loans and Parent PLUS Loans.
A small change to the IDR payment options has created an opportunity for borrowers to get student loan interest relief.
8.8 million federal borrowers haven’t paid their October bill, and affordable payments may not be the biggest issue.
The newly announced SAVE plan will eliminate or change most of the income-driven repayment plans currently available.
Federal student loan perks provide borrowers with valuable protections during retirement.
Borrowers on SAVE will soon have political and legal protections that should keep the repayment plan available for many years to come.