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.

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

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SAVE allows more borrowers to pay nothing

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SAVE forgives unpaid monthly interest

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

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Finding a financial advisor doesn’t have to be hard. SmartAsset’s free quiz matches you with fiduciary financial advisors in your area or who serve your area. If you are ready to be matched with financial advisors that can help you achieve your financial goals, take the quiz now.

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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

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.

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

SWIPE UP NOW TO READ MORE!

Finding a financial advisor doesn’t have to be hard. SmartAsset’s free quiz matches you with fiduciary financial advisors in your area or who serve your area. If you are ready to be matched with financial advisors that can help you achieve your financial goals, take the quiz now.

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