Si vous êtes inscrit au plan de remboursement de sauvegarde (épargner sur un précieux éducation), les récents défis juridiques pourraient vous demander de vous en tenir à vous en tenir au programme ou à explorer Alte
If you’re enrolled in the SAVE (Saving on a Valuable Education) repayment plan, recent legal challenges might have you questioning whether to stick with the program or explore alternatives.
While experts generally advise most borrowers to stay put for now, there are scenarios where switching to another income-driven repayment (IDR) plan could be beneficial.
Launched in 2023 as a replacement for the REPAYE plan, the SAVE plan offers reduced monthly payments and quicker forgiveness timelines for undergraduate borrowers.
However, ongoing lawsuits have placed the plan on hold, with loans currently in interest-free forbearance.
This pause means borrowers aren’t required to make payments, but those months don’t count toward forgiveness, delaying progress under programs like Public Service Loan Forgiveness (PSLF).
If you’re considering leaving SAVE, here are the main IDR alternatives:
1. Income-Based Repayment (IBR)
For most borrowers, IBR is the primary option outside SAVE. While it doesn’t offer the same benefits as SAVE, it provides manageable payment terms based on your income and family size.
2. Pay As You Earn (PAYE)
New enrollments for PAYE are currently unavailable. However, if you’re already on this plan, it might be worth sticking with it until the legal challenges surrounding SAVE are resolved.
3. Income-Contingent Repayment (ICR)
This option is limited to borrowers with specific loan types, such as a consolidation loan repaying a parent PLUS loan.
Although staying with SAVE is often the best move, certain borrowers may benefit from switching:
Near PSLF Forgiveness: If you’re close to qualifying for forgiveness under PSLF, transitioning to another plan can help you finalize the required 120 payments without delays.Eligible for Another IDR Plan: Borrowers nearing the forgiveness threshold under an alternative IDR plan might prefer to switch and receive debt relief sooner.Eager to Resume Payments: If you want to accelerate repayment or have a low balance you’re ready to tackle, moving away from SAVE could help you eliminate your debt faster.
For PSLF borrowers affected by the SAVE forbearance, the buy-back program allows you to make lump-sum payments to retroactively count missed months toward forgiveness.
This option is ideal for those nearing the 120-payment mark, but borrowers early in their PSLF journey may prefer a different plan to avoid delays.
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