The SAVE Plan
We know that student loan debt can create an additional burden to already stressed finances. With the pause on student loan payments lifting next month, please check out the new SAVE program that can provide additional savings for you and your family.
According to the program press release, “The SAVE plan is an income-driven repayment (IDR) plan that calculates payments based on a borrower’s income and family size – not their loan balance – and forgives remaining balances after a certain number of years. The SAVE plan will cut many borrowers’ monthly payments to zero, will save other borrowers around $1,000 per year, will prevent balances from growing because of unpaid interest, and will get more borrowers closer to forgiveness faster.”
Please check their website for more information.