4 million people enroll in Biden's SAVE student loan repayment plan ahead of payment restart

katie lobosco
katie lobosco 1 Min Read
Washington CNN  — 

More than 4 million people have so far enrolled in President Joe Biden’s new repayment plan, known as SAVE, which promises to lower their monthly bills as student loan payments are set to resume in October after a yearslong pandemic-related pause.

Launched earlier this summer, the SAVE (Saving on a Valuable Education) plan is available to most people with federal student loans and can provide significant relief to borrowers struggling to pay off their student debt.

The majority of people who already enrolled in SAVE were previously enrolled in a different repayment plan, the Revised Pay As You Earn (REPAYE), and automatically transferred.

Share This Article
Leave a comment
Report a Bug/Suggest Feature

Notice a bug on the site or want to suggest a feature. Please fill out the information below and one of our IT will look at the bug/feature report. If we have any questions or want more information, we will reach out vis email.

Reading: 4 million people enroll in Biden's SAVE student loan repayment plan ahead of payment restart

(C) 2012 – 2024  | WNews Broadcasting Corp, a W-World Company | All Rights Reserved

Connect
with Us

Report a Error with this Story

Notice a error or facts with this story, please submit the information below and someone from our newsroom will review it and change if required 

Beta

Welcome to The New W.News

It is with great pleasure that we welcome you to W.News 6, the most extensive update ever. Please bear with us as we continue to work on and fine tune the new site. WNewsNetwork.com will remain online until June 30, 2024.