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Department of Education Launches New SAVE Income-Driven Repayment Plan

Sep 1, 2023 9:21:56 AM
written by The Retirement Group

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.


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posted in Financial Planning, 2023, Education, Income, Repayment

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