A recent judicial ruling has stalled the popular SAVE Plan, an income-based student loan repayment plan with potential forgiveness. On July 18, 2024, the 8th Circuit Court blocked key parts of the Biden-Harris administration’s plan and affects those with pending SAVE applications and those planning to enroll. Over 400,000 people have already seen their student loans vanish thanks to the SAVE plan, with nearly 8 million more signed up and hoping for the same relief. For those who've already gotten their loans forgiven, there's no need to worry about recent changes—they're totally unaffected. However, there are now millions of student loan borrowers uncertain about their future after a court ruling paused the Department of Education's SAVE plan. The SAVE plan made it easier to manage loans by adjusting payments according to income. We break down what this means for borrowers in our latest newsletter.
Forbes Advisor
Consumer Services
Jersey City, New Jersey 274,687 followers
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About us
Forbes Advisor is a global platform dedicated to helping consumers make the best financial choices for their individual lives. We support your pursuit of success by making smart financial decisions simple, to help you get back to doing the things you care about most. We do this by helping turn your aspirations into reality. By arming you with trusted advice and guidance, you can make informed financial decisions you feel confident in and achieve your financial goals. Visit Forbes Advisor for unbiased personal finance advice, news and reviews, plus a comparison marketplace that helps you find the financial products that best fit your life and goals.
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https://www.forbesadvisor.com
External link for Forbes Advisor
- Industry
- Consumer Services
- Company size
- 201-500 employees
- Headquarters
- Jersey City, New Jersey
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- 1917
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499 Washington Blvd
Jersey City, New Jersey 07310, US
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First Floor, P&G Plaza, Andheri East
Mumbai, IN
Employees at Forbes Advisor
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Troy Young
Media executive, advisor, investor, operator. Former Global President Hearst Magazines.
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Kate Terry
Startup CEO | Public Company Board Member | Insurance & Insurtech
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Joe Cronin
Advisor. Global Benefits
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Lawrence Sprung, CFP®
What did you do today that brought you joy?® ⭐ Denise’s husband, Zach and Jeremy’s Dad 📝 Forbes Advisor Board* 📘 Author of Financial Planning Made…
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