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0 0.00100940338947047 -0.000106252988365201 -0.000239069223821854 0.0027094512033152 0.00201880677894078 0.00494076395898638 0.00334696913350701
Stock impact report

SAVE Plan Updates And Refinancing Tips As Federal Student Loan Interest Resumes [Forbes]

PNC Financial Services Group, Inc. (The) (PNC) 
Last pnc financial services group, inc. (the) earnings: 4/15 06:41 am Check Earnings Report
Company Research Source: Forbes
That's because interest accrual on federal student loans finally resumed after a long pause during the pandemic. What Is the SAVE Plan? The SAVE plan—short for Saving on a Valuable Education—was the federal government's attempt to make student loan payments more manageable. Instead of paying a flat monthly bill, borrowers made payments based on how much they earned and how many people they supported. For lower-income borrowers, this meant drastically reduced payments or even a $0 monthly bill. Launched by the Biden administration in August 2023, SAVE came with a major perk: unpaid interest wouldn't accrue as long as you made your monthly payments. In other words, your balance wouldn't grow just because you couldn't afford the full amount —a significant relief for borrowers who used to watch their debt grow despite consistent payments. The plan also cut payments on undergraduate loans in half, capping them at 5% of a borrower's discretionary income instead of the 10% required u Show less Read more
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