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SAVE Plan and Tax Filling

How does opting for SAVE Plan for student loan and Tax filling works?

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Jackstar221
Employee Tax Expert

SAVE Plan and Tax Filling

The SAVE plan helps families and individual filers with low or middle income to manage student loans.

 

Make sure your SAVE plan aligns with your repayment strategies.

 

You can use resources like the student loan calculator loan simulator to help determine the best repayment option for you.  Here are a couple links regarding student aid:

 

studentaid.gov

https://studentaid.gov/loan-simulator  

 

If you maintain a perkins or FFELP loan, it is possibly you have to consolidate it before enrolling into a SAVE plan.

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