Student loan debt can be overwhelming, but Income-Driven Repayment (IDR) plans offer not only manageable payment strategies, but also a potential path to forgiveness.
A new IDR plan, named Saving on a Valuable Education (SAVE), could offer borrowers the simplest path to forgiveness, including the possibility of forgiveness in half the time or monthly payments that could be cut in half.
While current court challenges have placed the new SAVE plan on hold, read on to learn more about the proposed plan and the benefits of IDR plans below.
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