New info about SAVE forbearance ending (SLP Insiders)


Dept of Ed announced this week that they will be ending the SAVE forbearance on August 1. That means the 0% interest subsidy ends August 1, and they will expect borrowers to switch to a different repayment plan at that point as well. The press release urges folks on SAVE forbearance to apply for IBR online. That's because other plans besides IBR will be restricted long term for existing borrowers. Here's my take for folks on SAVE Forbearance If you're on SAVE forbearance, then if you qualify...

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