A recent judicial ruling has stalled the popular SAVE Plan, an income-based student loan repayment plan with potential forgiveness. On July 18, 2024, the 8th Circuit Court blocked key parts of the Biden-Harris administration’s plan and affects those with pending SAVE applications and those planning to enroll. Over 400,000 people have already seen their student loans vanish thanks to the SAVE plan, with nearly 8 million more signed up and hoping for the same relief. For those who've already gotten their loans forgiven, there's no need to worry about recent changes—they're totally unaffected. However, there are now millions of student loan borrowers uncertain about their future after a court ruling paused the Department of Education's SAVE plan. The SAVE plan made it easier to manage loans by adjusting payments according to income. We break down what this means for borrowers in our latest newsletter.
Forbes Advisor
Consumer Services
Jersey City, New Jersey 272,771 followers
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Forbes Advisor is a global platform dedicated to helping consumers make the best financial choices for their individual lives. We support your pursuit of success by making smart financial decisions simple, to help you get back to doing the things you care about most. We do this by helping turn your aspirations into reality. By arming you with trusted advice and guidance, you can make informed financial decisions you feel confident in and achieve your financial goals. Visit Forbes Advisor for unbiased personal finance advice, news and reviews, plus a comparison marketplace that helps you find the financial products that best fit your life and goals.
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Employees at Forbes Advisor
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Troy Young
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Kate Terry
Startup CEO | Public Company Board Member | Insurance & Insurtech
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Joe Cronin
Advisor. Global Benefits
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Lawrence Sprung, CFP®
What did you do today that brought you joy?® ⭐ Denise’s husband, Zach and Jeremy’s Dad 📝 Forbes Advisor Board* 📘 Author of Financial Planning Made…
Updates
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From Forbes Advisor Canada 🇨🇦: If you're a teen, the last thing you want to spend money on is transaction fees and monthly charges. Here are the chequing accounts that offer the best features for teenagers.
Best Bank Accounts For Teenagers In Canada For July 2024
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From Forbes Advisor Australia 🇦🇺: This review explains what #XeMoneyTransfer is, how it works, and the pros and cons of using it to send money abroad.
Xe Money Transfer Review: Features, Pros & Cons
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From Forbes Advisor UK 🇬🇧: Alphabet has posted impressive numbers in its latest financial report. If you want to buy or sell shares in Google's parent company, here's what you need to know . #Google
How To Buy Google/Alphabet (GOOGL) Stocks & Shares
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Trips aren’t just a chance to unwind and see the world. They are also a huge financial commitment. But there’s a way to protect a portion of your trip called flight insurance. Here's what you need to know.
Is Flight Insurance Worth It?
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If you find yourself using food delivery apps often, you'll want to have one of these cards in your wallet.
The Best Credit Cards For Food Delivery Services Of July 2022
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Regardless of why you want to refinance your mortgage, it’s important to shop around for lenders that offer the best terms and customer support. Here are the best options of 2024.
Best Mortgage Refinance Lenders Of August 2022
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The data scientist field is growing and helping transform businesses around the world. Here's how to get started in this career.
How To Become A Data Scientist
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A recent Forbes Advisor survey finds that 70% of travelers plan to redeem credit card points for trips before the year's end. Here's how else people are using their points.
2024 Statistics: How Travelers Leverage The Benefits Of Credit Cards
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California tops the list of states with the worst road rage, while Hawaii is home to the most polite drivers in the nation. See where your state ranks on this list of the most confrontational drivers by state here. ➡️https://lnkd.in/eQjDHWvK
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