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  2. What to know about the SAVE plan, the income-driven plan to ...

    www.aol.com/news/know-save-plan-income-driven...

    The SAVE plan was created last year to replace other existing income-based repayment plans offered by the federal government. ... that he was canceling federal student loans for nearly 153,000 ...

  3. Federal court extends block on Biden's student debt relief plan

    www.aol.com/news/federal-court-extends-block...

    WASHINGTON (Reuters) -A federal appeals court on Friday extended an order blocking President Joe Biden's administration from further implementing a student debt relief plan designed to lower ...

  4. Income-driven repayment - Wikipedia

    en.wikipedia.org/wiki/Income-driven_repayment

    Income-driven repayment. Income-based repayment or income-driven repayment (IDR), is a student loan repayment program in the United States that regulates the amount that one needs to pay each month based on one's current income and family size. The phrase is an umbrella term for four specific repayment plans that are available within the ...

  5. Federal Direct Student Loan Program - Wikipedia

    en.wikipedia.org/wiki/Federal_Direct_Student...

    The Federal Direct Loan Program has accumulated a very large outstanding loan portfolio of about $1.5 trillion and this number will continue to rise along with the percentage of defaults. A common concern associated with the program is the effect on the economy and repercussions for students that must repay these loans.

  6. Pay As You Earn - Wikipedia

    en.wikipedia.org/wiki/Pay_As_You_Earn

    President Obama's 2015 budget proposed substantial changes to the Pay as You Earn program. In addition to extending the program to all borrowers, regardless of when their first loans were disbursed, it proposed certain limits to PAYE that are designed to "protect against institutional practices that may further increase student indebtedness, while ensuring the program provides sufficient ...

  7. What to know about the SAVE plan, the income-driven plan to ...

    www.aol.com/know-save-plan-income-driven...

    New rules will cap payments on undergraduate student loans at 5% of discretionary income in July. NEW YORK (AP) — More than 75 million student loan borrowers have enrolled in the U.S. government ...

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