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Biden Administration Accelerates SAVE Income-Driven Loan Forgiveness, Bringing Early Relief to Student Borrowers

SAVE Plan
SAVE Plan; Source- Time

In a move to expedite student debt relief, the Biden administration has initiated the early implementation of the SAVE income-driven repayment plan. The Department of Education’s recent announcement brings relief to borrowers who originally borrowed $12,000 or less forgiving loans after 10 years of qualifying payments starting this month.

SAVE Income-Driven Loan Forgiveness - Photo from Investopedia

SAVE Income-Driven Loan Forgiveness – Photo from Investopedia

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