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4 Reasons Student Loan Borrowers Should Absolutely Not Ignore Biden's New SAVE Repayment Plan


It's a situation millions of student loan borrowers were hoping not to be in. This October, after a multi-year pause, federal borrowers will have to start making monthly payments on their student loans once again. And a big reason boils down to the fact that President Biden's plan to broadly forgive student debt was voted down by the Supreme Court.

But that doesn't mean there's no hope for borrowers who are now on the hook for monthly student loan payments. Thanks to President Biden's SAVE Plan, a new repayment option, that debt might become much easier to manage. Here are a few benefits you might reap from the SAVE Plan.

Image source: Getty Images.

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Source Fool.com


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