This will be the first time in five years the repayments have begun. Kvaal said defaults can be

It's a component of the SAVE Plan, a new income-driven repayment plan rolled out by the Biden administration last year. Specifically, people will qualify if they took out less than$ 12, 000 as their initial student loan balance and have been paying it down for 10 years.... The administration will also begin a campaign to get more people enrolled in SAVE, particularly people who took out low initial balances. Debt relief is available to people who took out more than$ 12, 000, too.... The SAVE P