Yes, you can put off paying your student loans. (No, you shouldn’t & here’s why)

The Saving on a Valuable Education (SAVE) Plan is a new income-driven repayment (IDR) option that offers the lowest monthly payments among all IDR plans to a wider group of borrowers.

The SAVE Plan offers various benefits that offer immediate relief, although the full advantages of SAVE rolls out in two parts.

How Does the SAVE Plan Work?

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SAVE Plan Eligibility

The only eligibility requirement for enrolling in the SAVE Plan is  that you must have eligible student loans, and the loans can’t have been  a parent PLUS Loan.


SAVE’s new poverty line adjustment broadens the exemption for borrowers who can qualify for a zero-dollar monthly payment.

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Like all IDR plans, you must recertify your income and family size each  year, and if you don’t, you’ll be removed from the plan.



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