Saving on A Valuable Education Plan | Federal Student Aid
Saving on A Valuable Education Plan
No physical location, Washington, DC 20202
Eligibility
Students who have non-private loans through the Department of Education
(800) 433-3243
Voice·
Federal Student Aid Information Center
1 (800) 433-3243
Voice·
Federal Student Aid Information Center
Websitehttps://studentaid.gov/idr/
Languages
English, Spanish
Application process
Use the IDR application to apply for the SAVE Plan. https://studentaid.gov/idr/If you were on the REPAYE Plan, you've been automatically enrolled in the SAVE Plan. There is no need to reapply or request to change your plan.
Service area
United States
Saving on a Valuable Education (SAVE) Plan is the newest income-driven repayment (IDR) plan. Like other IDR plans, the SAVE Plan calculates your monthly payment amount based on your income and family size. In addition, the SAVE Plan has unique benefits that will lower payments for many borrowers.The SAVE Plan replaced the Revised Pay As You Earn (REPAYE) Plan. Borrowers on the REPAYE Plan automatically get the benefits of the new SAVE Plan.
Last assured
10/30/2023
What's Here
Providing organization
Federal Student Aid
Federal Student Aid is responsible for managing the student financial assistance programs authorized under Title IV of the Higher Education Act of 1965. These programs provide grant, work-study, and loan funds to students attending college or career school.