Some of these benefits of the SAVE plan, including the change from 10% of discretionary income to 5%, won't fully go into effect until next summer because of the timeline of regulatory changes.
will have their application processed before student loan repayments resume in OctoberBorrowers who sign up during the beta application period will not need to enroll again later, Kantrowitz said.. Most borrowers finish the application for an income-driven repayment plan within 10 minutes, according to the administration.
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