Eligibility Criteria for the SAVE Plan
Watch to learn about eligibility for the new Saving on A Valuable Education (SAVE) plan for federal student loans.
Saving on A Valuable Education (SAVE) is a federal Income-Driven Repayment plan replacing REPAYE.
Who is eligible for the Saving on A Valuable Education (SAVE) plan?
SAVE is for student loan borrowers with federally held loans, including all direct subsidized, unsubsidized, and consolidated loans, as well as Grad PLUS loans. Private student loans are not eligible for SAVE, and Parent PLUS loans may not be eligible as well.
Challenges to SAVE: Multiple legal challenges made by states to the Saving on A Valuable Education (SAVE) plan could impact implementation of key aspects of the plan. For the most up-to-date developments, visit studentaid.gov.
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