New Biden student loan repayment plan enrolls 4 million borrowers ...Middle East

The Hill - News

The Biden administration announced on Tuesday that 4 million student loan borrowers have been enrolled in the new Saving on a Valuable Education (SAVE) income-driven repayment (IDR) plan two weeks after it was officially launched. The administration has touted SAVE as the “most affordable IDR plan” ever offered to borrowers, officially launching it right before interest began accruing again on student loan payments after a three-year pandemic-related pause. Officials said most of the 4 million people SAVE enrollees are those who were automatically transferred from the Revised-Pay-As-You-Earn IDR option. "Millions of borrowers are already benefitting from enrollment in the SAVE p

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Last updated : 05 September 2023 clock 10:44 PM

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New Biden student loan repayment plan enrolls 4 million borrowers ...Middle East

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