Under the income driven repayment plan and making 120 qualifying payments, and working for a qualifying employer the last three years in the program my payment was zero dollars
Thank u for sharing I just applied for the Save program paying off my grad loans I am paying under a $100 dollars. Congress need to keep this program in place and help today tomorrow and future borrowers.❤❤❤
As a young guy struggling to find my footing in life and making little income, thank god for SAVE allowing me more time to save money to tackle my principle without a monthly bill and interest eating all my income. BUT we MUST have publicly funded college that lets our populace get accreditation without debt. This SAVE plan is far from enough
What if you have 10 years in paying with the IBR? Will those 10 years count toward the 20-25 year forgiveness if you switch to the SAVE or does the time start over? Also, I think there isn't an income cap on the SAVE like there is with the IBR. The IBR caps out at the traditional payment amount. Monthly payments on SAVE will continue to go up with income.
Anything can be challenged in court; however considering this is really just tweaking a previously-existing plan it’s hard to see any challenge holding up. My bigger concern would be a future administration trying to get rid of SAVE
Everyone should pay as little as humanly possible on these predatory student loans. There should have never been capitalized interest on education loans in the first place! When the Higher Education Act was passed in 1965, student loans were designed to be INTEREST FREE. Dentists should not be kept in debt for SERVING THEIR FELLOW AMERICANS with healthcare.
@@itssteve6018 - Then they won’t tax it. MN, IN, NC and MS are the only states that are taxing student loan forgiveness and again, it’s only state tax. WI, AR and CA are under review. They haven’t decided yet.
My Federal Student Loan in the amount of $72,000 dollars was forgiven on August 17, 2023 all glory to God
That's awesome! how?!
Under the income driven repayment plan and making 120 qualifying payments, and working for a qualifying employer the last three years in the program my payment was zero dollars
@@MarieHollidayvote blue in 24 !
Praise God
When do you start to send in the PSLF form. I about to start making payments soon.
Thank u for sharing I just applied for the Save program paying off my grad loans I am paying under a $100 dollars. Congress need to keep this program in place and help today tomorrow and future borrowers.❤❤❤
As a young guy struggling to find my footing in life and making little income, thank god for SAVE allowing me more time to save money to tackle my principle without a monthly bill and interest eating all my income. BUT we MUST have publicly funded college that lets our populace get accreditation without debt. This SAVE plan is far from enough
What if you have 10 years in paying with the IBR? Will those 10 years count toward the 20-25 year forgiveness if you switch to the SAVE or does the time start over?
Also, I think there isn't an income cap on the SAVE like there is with the IBR. The IBR caps out at the traditional payment amount. Monthly payments on SAVE will continue to go up with income.
Can I pay more than the minimum payment on the Save program?
Of course pay it off as soon as possible
Can SAVE program be challenged in court?
Anything can be challenged in court; however considering this is really just tweaking a previously-existing plan it’s hard to see any challenge holding up. My bigger concern would be a future administration trying to get rid of SAVE
This is going to be such a game changer for so many people!
Q. What happens to all the interest that was added on to the loans before SAVE?
They will be added to your principal unfortunately so if you are able -pay the accumulated interest before September 1st.
Thank you guys! being reseacrhing for my son.
Thank you for this simple video
Make your payments
Great video! Keep it up!
Everyone should pay as little as humanly possible on these predatory student loans. There should have never been capitalized interest on education loans in the first place! When the Higher Education Act was passed in 1965, student loans were designed to be INTEREST FREE. Dentists should not be kept in debt for SERVING THEIR FELLOW AMERICANS with healthcare.
Within the SAVE program,“You may have to pay income tax on any amount that is forgiven”. That’s the catch 😂
It depends on the state. It’s only like 4 states that are going to tax the forgiveness and it’s only state tax.
What if there is no income tax in your state?
@@itssteve6018 - Then they won’t tax it. MN, IN, NC and MS are the only states that are taxing student loan forgiveness and again, it’s only state tax. WI, AR and CA are under review. They haven’t decided yet.
Stop talking over each other please. And ending each sentence in a guttural whisper. Stressing me out.
Don’t go to college.
Stay poor