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U.S. Department of Education advises borrowers to leave SAVE plan
Summary by thedailytexan.com
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1 Articles
U.S. Department of Education advises borrowers to leave SAVE plan
The Department of Education issued guidance to borrowers enrolled in the Saving on a Valuable Education plan that the program will end, and they need to exit it, according to a March 27 news release. Launched during the Biden administration, the SAVE plan is an income-driven repayment plan, meaning payments are calculated based on the borrower’s earnings and family size. On March 10, a federal court prevented the Department of Education from i…
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