SAVE (Saving on a Valuable Education) Plan replaces the REPAYE (Revised Pay As You Earn) Plan

SAVE (Saving on a Valuable Education) Plan replaces the REPAYE (Revised Pay As You Earn) Plan. You can apply today to take advantage of this new income-driven repayment plan that could lower your monthly student loan payment. The SAVE Plan calculates monthly payments based on income and family size, rather than loan balance. After a set number of years, your remaining balance is forgiven. If you were on the REPAYE Plan, you will automatically receive the benefits of the SAVE Plan without needing to take action. To learn more or to apply, please visit studentaid.gov.

Nassau Suffolk Law Services is a member of the EDCAP (Education Debt Consumer Assistance Program) Network. EDCAP members help New Yorkers navigate the student loan system regardless of the type of education debt, federal or private. We offer free, one-on-one counseling and can also assist when a defendant is being sued on a higher education debt matter. Long Island residents please contact Nassau Suffolk Law Services at (516) 292-8100.