A popular student loan forgiveness plan was just paused
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More than 23,000 Montanans will soon see their student loan balance increase for the first time in at least a year. Interest will start accruing for borrowers on the SAVE plan next week.
Income-Based Repayment (IBR) bases the monthly payment on 15% of discretionary income, as opposed to the amount you owe. The repayment term is up to 25 years.