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other federal student loan repayment planCNBC
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82% Informative
The Biden administration's new affordable repayment plan, known as SAVE , may be on hold for months or longer.
Republican -led states that have sued the U.S. Department of Education over SAVE argue that the agency overstepped its authority.
SAVE comes with two key provisions that legal challenges have targeted: It has lower monthly payments more than any other student loan repayment plan.
VR Score
85
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10
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