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Why does SAVE plan raise my repayment amount $400 a month compared to an income based repayment plan?
Why does SAVE plan raise my repayment amount $400 a month compared to an income based repayment plan?
Abbey Johnson, Helping with Student Loan Documentation
Answered on September 29,2023
Answered on September 29,2023
The SAVE Plan is one of four income-driven repayment plans we offer. We also have traditional repayment plans, such as the Standard Repayment Plan, which offers fixed payments.
To compare all plans and to find out if the SAVE Plan is a good fit for you, use Loan Simulator: Student Loan Simulator
Guide
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Ultimate Guide on SAVE Plan - Payment Calculation, Interest, Forgiveness
Under the Saving on a Valuable Education (SAVE) plan, a single borrower who makes less than $15 an hour will not have to make any payments. Borrowers earning above that amount would save mor..  Click here to get a detailed guide
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