I can not find anything that accurately estimates my repayment under the new proposed plan. Am I missing something, or are these tools not available yet?
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Yes, there are calculators available that can help you estimate your repayments under the new SAVE plan. These tools have been updated to reflect the latest changes and can provide a good estimate of your monthly payments based on your income, family size, and loan details.
Examples are:
- Student Loan Sherpa: This calculator uses the exact terms defined by the federal registrar and includes the 2024 Federal Poverty Level Guidelines.
- Edfinancial Services: They provide detailed information about the SAVE plan and how to apply.