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What Is the SAVE Plan?

By Kristi WaterworthUpdated Oct 17, 2025 at 3:07 AM

Key Points

  • SAVE plan is a flexible IBR for student loans with non-capitalizing forgiven interest.
  • Eligibility for SAVE requires applying through StudentAid.gov or lenders with direct loans.
  • SAVE offers quicker loan forgiveness: under $12,000 debt forgiven in 10 years.

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