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The GOP’s new tax reform bill reshapes student loan repayment by eliminating SAVE and narrowing options, potentially ...
The legal challenges to the Saving for a Valuable Education (SAVE) plan have put millions of federal student loan borrowers ...
A new Senate bill backed by President Trump proposes major changes to federal student loan repayment plans in 2025. Here’s ...
The Saving on a Valuable Education (SAVE) plan is a type of income-driven repayment (IDR) that could lower some borrowers’ student loan payments to $0, while others could see savings of more ...
The SAVE plan offers many benefits for federal student loan borrowers, including an interest subsidy and lower payments. Learn more.
Unfortunately, the SAVE plan is so new — and potentially confusing — that some student loan borrowers might rule it out when they shouldn't if they only read a few Tweets or talk with friends.
Under the SAVE plan, their payments are now $530 a month. “We don’t want our loans dictating our life choices, and us not being able to do other things because we’re paying so much money.
The new SAVE plan places the threshold for discretionary income at 225% of the federal poverty guideline. That same $75,000 household would see payments based on just $7,500 of discretionary income.