Compare the SAVE plan for student loans with existing IDR options to find the best repayment and forgiveness path in 2024.
Interest Subsidies for IBR, PAYE, and ICR Borrowers Sadly, the repayment plans of IBR, PAYE, and ICR do not qualify for an interest subsidy. REPAYE/SAVE is the only plan that offers this protection to borrowers who cannot afford to keep up with their federal student loan interest. When Is...
The SAVE rules didn’t just create the SAVE plan; they eliminated the REPAYE plan, limited enrollment in ICR and PAYE, and allowedthe double-consolidation loophole for Parent PLUS Loans. The Biden administration had already mentioned plans to reopen PAYE and ICR enrollments later this year to h...