Guys am interested in learning more about Biden’s Save Plan and would appreciate hearing from anyone who has insights or experiences with it. What are the key features of the plan? How effective has it been in achieving its goals? Are there any criticisms or drawbacks I should be aware of? Any personal experiences or reviews would be very helpful as I try to understand its impact and potential benefits. Thank you…
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Payments are set at 10% of discretionary income, which will be reduced to 5% beginning next summer. For many borrowers, this means much cheaper monthly payments, as well as the prevention of additional interest from accruing once your monthly payment is fulfilled.
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The SAVE Plan might not be right for everyone. If you want to pay off your loans faster or have specific payment goals, you might consider other repayment options.
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SOFI offers more than just loans, especially with the companies they’ve been acquiring. It may not give us the big boost we hoped for from loans, but there’s still a lot of good things happening.