How To Get Help With Federal Student Loans | Working America

How To Get Help With Federal Student Loans

Did you know that you or your loved ones could significantly reduce your federal student loan payments by enrolling in the newly launched Saving on a Valuable Education (SAVE) Plan, the most affordable income-driven repayment plan yet?

The SAVE Plan is a new way to pay your federal student loans, aimed at easing the burden of student loan repayments for folks all across the country!

The SAVE Plan reduces monthly payments for most borrowers. Many borrowers will be eligible for $0 monthly payments, and others will save an average of $1,000 annually – allowing you to maintain progress toward paying off your student loans and eventually get the remaining balance forgiven. Plus, you can rest easy knowing that unpaid interest won’t cause your balance to grow. Many of the SAVE benefits have already started but more benefits (and more savings) will be implemented next year.

You can apply for SAVE using the U.S. Department of Education’s new Income-Driven Repayment (IDR) application and no longer deal with the hassle of annual paperwork to keep those low payments. All you’ll need to do in your application is to confirm that you want the Department to use your next federal tax return for that purpose.
As an income-driven repayment plan, your loans will be eligible for total forgiveness in as little as 10 years, depending on the amount you borrowed. If you qualify for a $0 payment under SAVE, you will still qualify for forgiveness even with a $0 payment.

Take our quiz to find out if you’re eligible for the SAVE Plan!

Learn more about the SAVE Plan, head over to and explore your repayment plans at

Or, if you’re ready to apply now, head straight to

Consolidating (combining) your federal student loans to one servicer is very easy and creates one low monthly payment. You can use the consolidation tool at

Once your loans are consolidated with a federal loan servicer, you can apply for the SAVE payment plan at

Share this URL with your friends and family who would benefit from the SAVE payment plan or who the public service loan forgiveness. Help spread the word about the SAVE program so others can cut their student loan bills by hundreds of dollars a month.