Don’t tell a truck driver their job is menial. If you do, at least live stream it.
Oh look anyone who’s on a SAVE plan for loan forgiveness is getting their payments cut in half.
The Saving on a Valuable Education planis the newest income-driven repayment plan available to federal student loan borrowers, and this summer it's getting even more affordable.
Currently, monthly payments on the SAVE plan are calculated as 10% of borrowers' discretionary income. That's the difference between your adjusted gross income and 225% of the federal poverty line, which is $33,885 a year for individuals in 2024, according to the Department of Health and Human Services.
But in July, the payments will drop to 5% of discretionary income for borrowers with undergraduate debt currently on the SAVE Plan, an Education Department spokesperson confirmed to CNBC Make It. The change will begin with their first payment due date in July.
https://www.cnbc.com/amp/2024/05/24/save-plan-student-loan-payments-could-get-cut-in-half-in-july.html