Biden Launches 'Saving on a Valuable Education' to Ease Student Loan Burden: How to Apply

It’s official: The administration of President Joe Biden launched a student loan repayment plan Tuesday that it describes as the “most affordable” option yet for reducing that debt. Through the plan, called Saving on A Valuable Education (SAVE), participating borrowers could see their payments cut in half, while some will see their amounts zero out. Borrowers can begin enrolling at StudentAid.gov/SAVE as of Tuesday.