#save repayment plan

[sagevalleymusings]

FOR THE LOVE OF ALL THINGS HOLY APPLY FOR SAVE BEFORE OCTOBER

I was on an income driven repayment plan that nevertheless was going to be over $200 when it came due. Under SAVE, it dropped to $32 a month. And that isn't even the important part. Y'all. Please listen. That isn't even the important part. The important part is that there's no interest, and anything you don't pay after 10+ years after your degree is forgiven.

It's LITERALLY a debt forgiveness plan. Under SAVE, I will actually pay LESS than had the $10k debt forgiveness gone through. This is... like look I know we don't like Biden on tumblr.gov, but this isn't just really good, it's also really funny.

There's *more steps* which means people who don't know won't see the benefits. There's more hassle, more bureaucracy. But it will, for a significant portion of loan holders (and especially those most vulnerable) save people more than had the debt forgiveness plan just gone through instead. So apply! Share this info with everyone you know!

[sagevalleymusings]

Hi, I don't mean to bother you, but I'm at a loss and don't know anyone reliable to ask, but this is regarding your text post about SAVE. I went to apply for it, and got directed to apply for an IDR plan. Two days later the servicer received the IDR application, then I got a monthly statement from the servicer the day after. I checked my studentaidgov account and it states the IDR plan is approved. I try going to the SAVE plan, but get directed to IDR? Is there anything else I need to do?

Answering this publicly because student loans are scary and confusing. Save IS an income-driven repayment plan, so being redirected to IDR is normal and correct. It will tell you which plan you applied for on the student aid website (studentaid.gov) if you navigate to My Activity on your account dashboard. You can select View All Activity and there will be a little more info. Screenshot for context!

If you aren't happy with what your requested IDR is, you can go back through the steps of applying under the Manage Your IDR option. You should be given all of the different IDRs that you qualify for. See below screenshot for context.

In all likelihood SAVE will be your best option. But it might not be. It's important to actually look at them and assess.

Anyway, go forth and save money, tumblr!

[lakeplacid74-blog]

Student Loan Repayment 2025: What the SAVE Shutdown Means for Your Monthly Bill

SAVE plan halted in 2025. Learn how student loan repayment changes may raise bills and what borrowers should do next to stay protected. Lead:If you enrolled in the SAVE plan, the rug was just pulled out from under you. On December 9, 2025, the federal government reached a settlement that suspends new SAVE enrollments, cancels pending applications, and will force many existing participants onto…

Student Loan Repayment 2025: What the SAVE Shutdown Means for Your Monthly Bill

[mcb3k]

Student loan forgiveness isn't dead yet. Biden's SAVE plan will help.

The Supreme Court may have struck down President Biden's plan for sweeping student loan forgiveness, but another plan that could gradually achieve similar results is in the works. In fact, millions of borrowers can begin to benefit from it as early as this fall, when they're expected to begin making monthly loan payments after a three-year pause.

https://www.npr.org/2023/07/14/1187545921/student-loan-forgiveness-save-repayment

You could still be eligible for student loan forgiveness under this plan

The Supreme Court may have struck down a sweeping plan for student loan debt forgiveness, but under President Biden's new income-driven repa