Student loan forgiveness: Dept. of Education's SAVE Plan could lower payments, forgive loans

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Student loan burrowers could be missing out on a break through the Department of Education's Saving on a Valuable Education, or SAVE, plan.

If you have student loans you could get a a break or even forgiveness through the Department of Education's Saving on a Valuable Education plan.Student loan burrowers could be missing out on a break through the Department of Education's Saving on a Valuable Education, or SAVE, plan.

The Department of Education said more people like Odili could be eligible for early loan forgiveness if they try to qualify for the SAVE plan."This has already resulted in approval of $1.2 billion in automatic loan forgiveness for about a 153,000 borrowers," said Richard Cordray, Chief Operating Officer of Federal Student Aid. "We think there's considerably more borrowers who qualify for this program across the country. The thing to do is to go to StudentAid.

 

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