Expert advice on repaying student loans as freeze ends
Student loan interest began building up again on Friday for the first time in more than three years.
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Student loan interest began building up again on Friday for the first time in more than three years.
Student loan borrowers might find relief under the Biden administration’s income-driven repayment plan. Launched this week, the SAVE plan, which stands for saving on a valuable education, could help borrowers with the potential for lower or no monthly payments. But there are questions about who will benefit from the plan and who it leaves out. Geoff Bennett discussed more with Cory Turner of NPR.
The Biden Administration’s “SAVE” program is an income-driven repayment plan, and 20 million borrowers could benefit from the plan.
The Saving on a Valuable Education plan or SAVE, looks to help Texans' by lowering monthly payments and forgive debts in 10 to 25 years.
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