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“`html How Does the SAVE Plan Work? The new SAVE income-driven repayment plan replaces the Department of Education’s REPAYE plan, offering student loan borrowers a more affordable option. According to Experian data, student loan balances are the highest debt category…
“`html What Is Income-Based Repayment? Income-based repayment (IBR) is one of the four income-driven repayment programs available to federal student loan borrowers. If you qualify, your loan servicer may reduce your monthly payment to as low as 10% of your…
“`html Understanding the Main Types of Student Loans College students and their parents have two general student loan options: federal and private loans. Within these categories, there are various types of loans designed for specific needs. Here’s what you need…
