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  • Interest Accrual Changes in the New SAVE Plan

Interest Accrual Changes in the New SAVE Plan

Watch to learn about changes to interest accrual under the new Saving on A Valuable Education (SAVE) plan.

Published October 16, 2024
Interest Accrual Changes in the New SAVE Plan

Watch to learn about changes to interest accrual under the new Saving on A Valuable Education (SAVE) plan.

Transcript

Are there changes to interest accrual under the new SAVE plan?

Yes, the interest will be subsidized, so any portion of interest that’s not covered by your calculated monthly amount will be paid by the government. Depending on your unique financial situation, the interest accrual subsidy could be beneficial. Schedule a consultation with us to see if SAVE is the right plan for you.

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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