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U.S. Department of Education Announces Borrowers Can Now Apply for Additional Income-Driven Repayment Plans
December 23, 2024
The U.S. Department of Education has announced the reopening of two student loan repayment plans to give borrowers more options to keep their payments low. The Pay As You Earn (PAYE) Repayment and Income-Contingent Repayment (ICR) plans offer credit for Public Service Loan Forgiveness (PSLF) and income-driven repayment (IDR) to eligible borrowers enrolled in the currently enjoined Saving on a Valuable Education (SAVE) Plan, as well as additional terms that borrowers may wish to consider. For more information, view the Department of Education's press release HERE (Trusted Partner Link).
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