Monday , September 25 2023
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How to apply for Biden’s new SAVE student loan repayment plan

  • The Biden administration has launched a beta application for its new repayment plan for student loan borrowers.
  • The Saving on a Valuable Education, or SAVE, plan is an income-driven repayment plan that may cut many borrowers’ previous monthly payments in half, and will leave some people with no monthly bill.

U.S. President Joe Biden, joined by Education Secretary Miguel Cardona, speaks on student loan debt in the Roosevelt Room of the White House August 24, 2022 in Washington, DC.

Alex Wong | Getty Images News | Getty Images

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