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Download full textJason Delisle; Jason Cohn – Urban Institute, 2023
The Biden administration launched a new income-driven repayment (IDR) plan for federal student loans this year called Saving on a Valuable Education (SAVE). The plan cuts borrowers' monthly payments compared with current IDR plans, provides earlier loan forgiveness for smaller debts, and prevents unpaid interest from accumulating. To better…
Descriptors: Paying for College, Student Loan Programs, Federal Aid, Loan Repayment
