SAVE Plan: Income-Driven Student Debt
This is a news story, published by Yahoo Finance, that relates primarily to SAVE news.
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•What Is the Saving on a Valuable Education Plan (SAVE)?
85% Informative
The Saving on a Valuable Education ( SAVE ) Plan is an income-driven student debt repayment plan.
It replaced a similar plan called REPAYE .
The SAVE Plan offers more generous terms than other student loan payment plans.
It raises the minimum applicable income and helps cover interest, which can accumulate quickly.
SAVE 's repayment terms are more generous than other income-driven repayment plans.
SAVE exempts more income than the Department of Education 's other plans.
Other plans, such as IBR and ICR , typically only offer forgiveness after 20 years of repayment or more.
VR Score
85
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83
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71
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English
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