Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
As payments for SAVE plan participants are recalculated, many borrowers may not have to make a payment on their student loans in July. Here's what you need to know. https://t.co/21AoKjKpIg
Some student-loan borrowers will soon get cheaper monthly payments through Biden's new repayment plan — but their accounts might be paused in the meantime https://t.co/eGk8eQc9cX
If you're one of the millions of federal student loan borrowers on the newest income-driven repayment plan, you could be in for a pleasant surprise — a payment-free July. https://t.co/nd7czsHrGb
Millions of student loan borrowers will see their payments paused next month as President Joe Biden's new income-driven repayment plan, SAVE, takes effect in July. The Department of Education has not yet finished recalculating payments for millions enrolled in SAVE, resulting in loans being placed into forbearance. This move is part of a broader effort to make college more accessible and equitable, as highlighted by recent meetings between lawmakers and organizations focused on higher education. The FAFSA is also under scrutiny for recent missteps that jeopardize students' futures.
