Biden’s SAVE Plan Freezes Interest for Over 4 Million Low-Income Student Borrowers 💰
The SAVE plan offers relief to low-income student borrowers by freezing interest rates, with over 4 million enrolled to make repayment easier and more affordable.
KPLC 7 News
65 views • Sep 6, 2023
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More than 4 million student loan borrowers have enrolled in the Biden Administration’s new SAVE plan, which is designed to help students pay back their loans at a reasonable pace.
Interest on federal student loans began accumulating again this month after three years on pause during the pandemic.
After their original plan was struck down, the Biden-Harris Administration announced the new SAVE Repayment Plan, which is based on income and will save the typical borrower about $1,000 a year.
FULL STORY: https://www.kplctv.com/2023/09/05/bidens-new-save-plan-aims-help-low-income-student-borrowers-by-freezing-interest/
Interest on federal student loans began accumulating again this month after three years on pause during the pandemic.
After their original plan was struck down, the Biden-Harris Administration announced the new SAVE Repayment Plan, which is based on income and will save the typical borrower about $1,000 a year.
FULL STORY: https://www.kplctv.com/2023/09/05/bidens-new-save-plan-aims-help-low-income-student-borrowers-by-freezing-interest/
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65
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1:56
Published
Sep 6, 2023
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