By Karen Stokes The Biden-Harris Administration announced that it will automatically discharge $1.2 billion in loans for nearly 153,000 borrowers who are eligible for the shortened time to forgiveness benefit under President Biden’s Saving on a Valuable Education (SAVE) Plan. There are 7.5 million borrowers who are now enrolled in SAVE, 4.3 million of whom […]
Over 4 Million Student Loan Borrowers Embrace the New SAVE Plan
By Karen Stokes The U.S. Department of Education announced on Tuesday that more than 4 million student loan borrowers enrolled in the Biden-Harris Administration’s new Saving on A Valuable Education (SAVE) income-driven repayment (IDR) plan. This includes those who were transitioned from the previous Revised-Pay-As-You-Earn (REPAYE) plan. Additionally, the Department has received more than 1.6 […]