By Jasmine Browley ·Updated August 14, 2023
After a three-year-long pause, federal student loan payments are slated to resume, much to many cash-strapped Americans’ chagrin. Fortunately, the Biden administration is aiming to help alleviate the financial strain with their new repayment plan SAVE, including a one-year grace period for borrowers.
Launched earlier this summer, the Saving on a Valuable Education updated its terms to Federal Student Aid (FSA) website to