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studentloanplanner.com
The Pay As You Earn (PAYE) income driven repayment (IDR) plan closes to new applicants on July 1, 2024. What should borrowers be aware of it? You might have heard about the Department of Education’s overhaul of IDR plans for federal student loans. This includes a new IDR plan — Saving on a Valuable Education (SAVE), which really just modifies the existing Revised Pay As You Earn (REPAYE) plan. As part of the Biden administration’s attempt to simplify income-driven repayment options and make SAVE
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