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affordable student loan planCNBC
•
84% Informative
Borrowers can stay enrolled in the SAVE plan for now, but here's what borrowers need to know.
Two federal judges in Kansas and Missouri temporarily halted the Biden administration's new repayment plan.
President Joe Biden last summer rolled out the new income-driven repayment plan, dubbed SAVE .
The plan has the most generous terms to date.
Borrowers can stay enrolled in the SAVE plan for now, and many are still benefiting from lower bills already.
Even if your servicer updated your monthly bill to what it was going to be before the preliminary injunctions, your required payment should soon revert back to its June level.
VR Score
87
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English
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50
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