Rambling Mind

Everything to Know About New Student Loan SAVE Payment Plan


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TL;DL (Too Long; Didn't Listen)

If you have student loans, the new SAVE plan by the Biden Administration is now allowing sign-ups. According to CNBC, this new plan can reduce some borrower's monthly payments by 50% and most borrower's will be able to save $1000/year with the new rules. Go to https://studentaid.gov/idr/ and follow the signup directions.


0:00 Intro

3:05 Background on SAVE Plan

8:09 Opposition to Plan

10:20 My Advice on how to use the plan

15:46 How to Pay Off any Debt

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Rambling MindBy Kelechi Iwuaba

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