NEW YORK (AP) — More than 75 million student loan borrowers have enrolled in the U.S. government’s newest repayment plan since it launched in August. President Joe Biden recently announced that he was canceling federal student loans for nearly 153,000 borrowers enrolled in the plan, known as the SAVE plan. Forgiveness was granted to borrowers […]
Tag: incomedriven
What to know about Biden’s student loan income-driven repayment plan
Millions of Americans are paying down their student loans for the first time in years but with more repayment options than before. Chief among them is President Biden’s new income-driven repayment plan – Saving on a Valuable Education plan, commonly known as SAVE – which ties monthly payments to earnings and family size. The White […]