The Federal Student Aid office within the Department of Education has announced that the Saving on a Valuable Education (SAVE) Plan will replace the existing Revised Pay As You Earn (REPAYE) Plan, ...

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・The Department of Education will cancel 460,000 SAVE Plan applications, nearly one-third of its backlog. ・Borrowers must reapply for other repayment plans, which could result in higher monthly ...

Forbes contributors publish independent expert analyses and insights. Adam Minsky is an attorney and writer focusing on student loans. The Education Department continues to struggle with application ...