The Department of Education recently launched the most generous federal student loan income-driven repayment (IDR) plan to date — the Saving on a Valuable Education (SAVE) Plan. The SAVE Plan comes after the U.S. Supreme Court blocked federal student loan cancellation in June and before payments are set to restart in October after more than three years of payment pauses. The SAVE Plan will be implemented in phases, but eligible borrowers can sign up online now with a "beta version" of the application.
Department of Education Launches New SAVE Income-Driven Repayment Plan
Sep 1, 2023 9:21:56 AM
written by
The Retirement Group
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posted in Financial Planning, 2023, Education, Income, Repayment
Why Did Retirement Confidence Falter in 2023?
Aug 10, 2023 9:48:20 AM
written by
The Retirement Group
In its annual Retirement Confidence Survey of current workers and retirees, the Employee Benefit Research Institute found that workers' confidence in their ability to fund retirement fell by the largest extent since the financial crisis of 2008, to levels not seen since 2018. Retirees' confidence also took a substantial hit. Overall, just 20% of respondents felt very confident they will be able to afford a comfortable retirement.
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posted in Financial Planning, Retirement, Cost, Inflation, 2023, Income