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The New SAVE Plan and Different Student Loan Repayment Options for Nurses and Other Public Service Professionals

July 8, 2023 Student Loans

Unless you’ve been living your best, unbothered life on a remote island in Bali, then you know, the Supreme Court made the decision to block the Biden administration’s student debt relief plan. This plan would have permitted the discharge of up to $20,000 of federal student loans for approved applicants. The ruling, which was issued on June 30th, may have disrupted the plans of what the White House estimated to be $26 Million people2 who applied or were eligible for one-time debt relief. If you are one of those borrowers, here’s what you need to know about the new SAVE Repayment Plan and other Repayment Options to help you finally get rid of your student loans.