President Joe Biden.Tom Williams/CQ-Roll Call, Inc via Getty Images Student-loan borrowers can apply for the new income-driven repayment plan's beta version. The new plan, known as the SAVE Plan, will fully launch in August. Borrowers who apply during this period will not need to reapply after the official launch. Just over two months before federal student-loan payments resume, President Joe Biden's Education Department launched the first version of its new income-driven repayment plan.CNN first reported on Sunday that the Federal Student Aid office launched a beta version of the updated IDR application that includes an option for borrowers to enroll in the new SAVE Plan, which the department calls "the most affordable repayment plan yet," per its website."During the testing period, eligible borrowers can apply for the SAVE Plan, but some website functionality may be limited as the Department's technical team monitors site performance and refines and tweaks the application as needed," a department spokesperson told Insider.
Student-loan Borrowers Can Now Apply To Lower Their Monthly Payments With 'the Most Affordable Repayment Plan Yet,' Biden's Educ
asheffey@businessinsider.com (Ayelet Sheffey), Business Insider
Mon, 07/31/2023 - 7:35am
Topics: available on and off tom williams/cq-roll call getty images student-loan borrowers repaye plan idr october september supreme court no president read business president joe biden save plan august education department federal student aid insider apply monthly payments affordable repayment plan application period launch interest testing beta official spokesperson site complete millions reported version time resume launched fully income income-driven technical earning broad performance accrue debt process
BING NEWS:
- If You Want Student Loan Forgiveness, Don’t Do These 5 Things Right Now
Millions of borrowers are in student loan forgiveness limbo. But making the wrong move now could have costly consequences.
11/26/2024 - 2:55 am | View Link - What’s at stake for student loan borrowers during the next Trump administration
With much of President Joe Biden’s student loan agenda tied up in court, the incoming Trump administration could have a significant impact on millions of borrowers.
11/24/2024 - 4:47 am | View Link - Higher payments loom for many student loan borrowers under Trump
The arrival of the Trump administration signals the end of efforts by the Biden administration's Education Department to lighten student borrowers' debt burden.
11/14/2024 - 10:01 pm | View Link - The grace period for student loan payments is over. Here’s what you need to know
the newest income-driven repayment plan that extended the eligibility for borrowers to have affordable monthly student loan payments. However, this plan is currently on hold due to legal challenges.
10/1/2024 - 9:30 am | View Link - Application For Biden’s New Student Loan Plan Now Available: Key Details
(Photo by Demetrius Freeman/The Washington Post via Getty Images) The Biden administration is phasing in a new, more affordable student loan repayment plan. And as payments are set to resume for ...
07/31/2023 - 2:07 am | View Link - More
Welcome to Wopular
Wopular is an
online newspaper rack,
giving you a summary view of the top headlines from the top news sites.
Senh Duong (Founder)
Wopular,
MWB,
RottenTomatoes
MoviesWithButter : Our Sister Site
- "Expendables 4" Starts Shooting This Fall, Says Randy Couture at the Arnold Sports Festival more
- “Expendables 4” Gets Funding Interest from “Ip Man 3” Financier more
- "Ip Man 3" Distributor Suspected of Box Office Fraud, Parent Company Loses $200M in Market Cap more
- Yen Targets "Ip Man 4" for 2018 Release; Discusses Film with Director, Producer more
- "Ip Man 3" Shatters Expectations with $72M Opening [China Box Office] more