7 ways Biden’s SAVE student loan program could benefit your loans & your credit

We will review the benefits of the SAVE program, ways to  manage student loans wisely, and how they affect your credit.

SAVE is a big deal because it will give more low-income borrowers the lowest possible payment on their federal student loans.

SAVE offers the lowest payments

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SAVE allows more borrowers to pay nothing

SAVE immediately protects more income from repayment calculations, which  could reduce more than a million borrowers’ payments to zero.

SAVE forgives unpaid monthly interest

SAVE has a new feature allowing unpaid interest to be eliminated, starting in October 2023.

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Married borrowers who file separate taxes no longer have to include their spouse’s income in repayment calculations.

SAVE doesn’t require you to include a spouse’s income


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