Can I switch back to another plan while in Save plan of Student loan?
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Abbey Johnson, Helping with Student Loan DocumentationAnswered on October 02,2023
Yes, you can switch to the standard 10-year plan or other plans available at that time. However, the PAYE plan is being phased out in 2024 so you cannot switch back to that plan.
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Ultimate Guide on SAVE Plan - Payment Calculation, Interest, Forgiveness
Under the Saving on a Valuable Education (SAVE) plan, a single borrower who makes less than $15 an hour will not have to make any payments. Borrowers earning above that amount would save mor..Click here to get a detailed guide
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