Me Matan Salvame: Biden Admin Unveils Revised Student Loan Repayment Plan

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Biden Admin Unveils Revised Student Loan Repayment Plan

(FamilyConservationPAC.com) – A few weeks after the U.S. Supreme Court rejected the Biden administration's attempt to cancel billions of dollars in student loans, the Department of Education has begun enrolling student loan borrowers in its Saving on a Valuable Education (SAVE) program.

IDR (Income-Driven Repayment) is a method used in SAVE.

According to the Student Aid website, "A beta version of the redesigned IDR application is now available and includes the opportunity to enroll in the new SAVE Plan—the most inexpensive payback plan yet."

The Student Aid website adds, "Ahead of the actual launch, we're collecting applications to help us improve our procedures. An IDR application that is filed right away will be processed and won't need to be submitted again."

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