What’s the catch with the SAVE plan?

Seeking Advice
1

Hi guys,

After completing an expensive undergraduate degree from a private institution and earning a doctorate in physical therapy, I owe around $175k in loans. I applied for the SAVE plan and logged into Aidvantage, and as of November 3rd, my total amount due is $0. Zero. I’m unsure whether to be excited or worried. What should I do? Is there a catch?

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2

It is income-based; if you were a student with a modest income, you would initially pay nothing.

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